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Laker Company reported the following January purchases and sales data for its only product Units Acquired at Cost Jan. 1 Beginning inventory 270 units$9.40 $2,538
Laker Company reported the following January purchases and sales data for its only product Units Acquired at Cost Jan. 1 Beginning inventory 270 units$9.40 $2,538 Jon. 10 Sales Jon.20 Purchase Jon.25 Sales Jan.30 Purchase Units sold at Retai 50 units 17.40 265 units $17.40 340 units $8.402,856 210 unitsS 7401554 820 units Totals S 6,948 415 units The company uses a perpetual inventory system. For specific identification, ending inventory consists of 405 units, where 210 are from the Januery 30 purchase, 80 are from the Januery 20 purchase, and 115 are from beginning inventory. value: 1.00 points 1. 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.) Specific Identification Available for Sale Cost of Goods Sold Unit Cost Units Sold Ending Unit Cost COGS Inventory Units Cost Per Unit Units Cost Jan. 1 Beginning inventory Jan. 20 Purchase Jan. 30 Purchase 270 340 210 820
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