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Please explain how to do this. Please use typing and not hand writing. Oahu Kiki tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing m

1. First-in, first-out (FIFO 2. Last-in, first-out (LIFO 3. Weighted average cost Stl there May 6 $05 cost Scld May $95cost M

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Answer #1

Answer:

Calculate ending inventory and cost of goods sold
Ending inventory= 120+380+200 -240= 460 units
Cost of goods = 9,600+34,200+22,000 = $65,800
FIFO LIFO
Ending inventory (260*90+200*110)=$45,400 (120*80+140*90+200*110)=$44,200
Cost of goods sold (120*80+120*90)=$20,400 (240*90)=$21,600
Total $65,800 $65,800
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