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0 Required information Use the following information for the Exercises below The following information applies to the questions displayed below Laker Company reported the following
0 Required information Use the following information for the Exercises below The following information applies to the questions displayed below Laker Company reported the following January purchases and sales data for its only product. Activit Jan. 1 Beginning inventory 140 units $6.00- 840 100 units $15 Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase 60 units $5.00 300 80 units $15 180 units $4.50-810 380 units Totals $1,950 180 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are fro inventory Exercise 5-4 Perpetual: Income effects of inventory methods LO A1 Required: 1. Complete comparative income statements for the month of January for Laker Company for the four inventoryn
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