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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

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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 210 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning inventory Date Activities Units Acquired at Cost Jan. 1 Beginning inventory hits sold at Retail 145 units $6.00 $ 870 Jan. 10 Sales 95 units $15.00 Jan. 2e Purchase 6 units $5.00 - 325 Jan, 25 Sales 85 units $15.00 Jan. 30 Purchase 150 units $4.50 810 Totals 390 units $2,005 180 units Exercise 5-5A (Algo) Perpetual: Inventory costing LO P3 1. Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification 2. Determine the cost assigned to ending inventory and to cost of goods sold using weighted average 3. 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. Complete this question by entering your answers in the tabs below. Specific to Weighted Average FIFO UFO Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification, Specific Identification Available for Sale Cost of Goods Sold Ending Inventory Purchase Date Ending Cost Per of units of units Activity Unit COGS Cost Per Unit sold Inventory Cost Per Unit Jan. 1 Beginning inventory 145 Jan 20 Purchase 65 Jan. 30 Purchase 180 390 $ 5 Ending 0 Spec Weighted Average >

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