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Oahu Kiki tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing m3. Calculate the cost of ending inventory and cost of goods sold using the (a) FIFO and (b) weighted average cost methods. (D

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Unit cost Total cost 8 $ Units Date Beginning Inventory Purchase Purchase 120.00 $ 380.00 $ 200.00 $ Jan-01 960 9 3,420 11 2,

Cost of goods Sold Units Unit cost Total Cost 120.00 $ 8 $ 960 120.00 $ 9 1,080 2,040 4 Weighted Average Method Unit cost Tot

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