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Laker Company reported the following January purchases and sales data for its only product DateActivitiesUnits Acquired at Co an. 10 Sales Jan. 20 Purchase Jan.
Laker Company reported the following January purchases and sales data for its only product DateActivitiesUnits Acquired at Co an. 10 Sales Jan. 20 Purchase Jan. 25 Sales an. 30 Purchase 155 units$8.08$1,240 90 units e s7.00630 210 units s6.se-1,365 115 units e 17. 95 units $17.ee 20 Totals 455 units 3,235210 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists o 210 are from the January 30 purchase, f 245 units, where 5 are from the January 20 purchase, and 30 are from beginning inventory Exercise 6-3 Perpetual: Inventory costing methods LO P1 Required the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. st assigned to ending inventory and to cost of goods sold Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. 4. Determine the cost assigned to ending inventory and to cost of goods sold using LIFO 3 Answer is not complete Complete this questions by entering your answers in the below tabs Required 1Required 2 Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. chase Date Unit Units i Unit Units Cost Sold Cost Ending Ending
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