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IThe following information applies to the questions displayed below.] Laker Company reported the following January purchases and sales data for its only product. Beginning inventory

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IThe following information applies to the questions displayed below.] Laker Company reported the following January purchases and sales data for its only product. Beginning inventory 200 unes esa00 220 es 700 Required: The company uses a perpetual inventory system. For specific identification, ending inventory consists of 300 units, where 140 are from the January 30 purchase, 80 are from the January 20 purchase, and 80 are from beginning inventory 1. points .Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. (Round cost per unit to 2 decimal places.) 800 s Beviving inventory 700 s Ask your instructor a question Check my work 600 points Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decimal places.)

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