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Oahu Kiki tracks the number of units purchased and sold throughout each accounting period but...

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Accounting

Oahu Kiki tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each month, as if it uses a periodic inventory system. Assume Oahu Kiki's records show the following for the month of January. Sales totaled 280 units.
\table[[,Date,Units,Unit Cost,Total Cost],[Beginning Inventory,January 1,120,$85,$10,200
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