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17 (The following information applies to the questions displayed below] Lakeland Company uses a perpetual inventory system, It entered into the following purchases and sales

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17 (The following information applies to the questions displayed below] Lakeland Company uses a perpetual inventory system, It entered into the following purchases and sales transactions for October t 3 of 4 250 unitss54.00/unit 300 units$59.00/unit Oct. 1 inventory Oct. 5 Purchase Oct. 9 Sales Oct. 18 Purchase Oct.25 Purchase Oct.29 Sales 160 units $64.00/unit 300 unit5s66.00/unit soount 28o unts $99.0unit 1,010 units 690 u 3. Compute the cost assigned to ending average, and (d) specific identification. For specific identification, the October 9 sale consisted of 140 units from beginning inventory and 270 units from the October 5 purchase; the October 29 sale consisted of 120 units from the October 18 purchase and 160 units from the October 25 purchase. (Round your average cost per unit to 2

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