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Fill in the blank ! Required information [The following information applies to the questions displayed below] Laker Company reported the following January purchases and sales
Fill in the blank ! Required information [The following information applies to the questions displayed below] Laker Company reported the following January purchases and sales data for its only product. The Company uses a periodic inventory system. For specific identification, ending inventory consists of 208 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 23 are from beginning inventory. Required: Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification. (b) weighted average, (C) AFO, and (d) LIFO. Complete this question by entering your answers in the tabs below. Determine the cont assigned to ending inventory and to cost of goods sold using specific identification. For specific identification, ending inventor are from the January 30 purchase, 5 are from the January 20 purchase, and 23 are from beginning inventory
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