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ending irventory consists of 240 units rrom the sanuary su purcnase, 3 units irom the jariuary 2u purcnase, and is units from beginning inventory. The
ending irventory consists of 240 units rrom the sanuary su purcnase, 3 units irom the jariuary 2u purcnase, and is units from beginning inventory. The Company uses a periodic inventory system. For specific identification, ending inventory consists of 240 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning imventory. Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (c) FIFO, and (d) LIFO. Complete this question by entering your answers in the tabs below. Determine the cost assigned to ending inventory and to cost of goods sold using specific identification, For specific identification, ending inventory ce January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. Laker Company reported the following January purchases and sales data for its only product. For specific identification, ending inventory consists of 240 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. The Company uses a periodic inventory system. For specific identification, ending inventory consists of 240 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (c) FIFO, and (d)LIFO. Complete this question by entering your answers in the tabs below. Determine the cost assigned to ending inventory and to cost of goods sold using specific identification. For specific identification, ending inventory January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory
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