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Laker Company reported the following January purchases and sales data for its only product The Company uses a perpetual inventory system. For specific identification, ending

Laker Company reported the following January purchases and sales data for its only product

The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 200 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory.

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