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Laker Company reported the following January purchases and sales data for its only product. For specific identification, ending inventory consists of 220 units, where 180
Laker Company reported the following January purchases and sales data for its only product. For specific identification, ending inventory consists of 220 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 35 are from beginning inventory. Required: Assume the periodic inventory system is used. Determine the cost assigned to ending inventory and to cost of goods sold using (a specific identification, (b) weighted average, (c) FIFO, and ( d ) LIFO. Complete this question by entering your answers in the tabs below. Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. Note: Round cost per unit to 2 decimal places. Laker Company reported the following January purchases and sales data for its only product. For specific identification, ending inventory consists of 220 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 35 are from beginning inventory. Required: Assume the periodic inventory system is used. Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (c) FIFO, and ( d ) LIFO. Complete this question by entering your answers in the tabs below. Determine the cost assigned to ending inventory and to cost of goods sold using specific identification. For specific identification, ending inventor are from the January 30 purchase, 5 are from the January 20 purchase, and 35 are from beginning inventory. Laker Company reported the following January purchases and sales data for its only product. For specific identification, ending inventory consists of 220 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 35 are from beginning inventory. equired: issume the periodic inventory system is used. Determine the cost assigned to ending inventory and to cost of goods sold using (a) pecific identification, (b) weighted average, (c) FIFO, and ( d ) LIFO. Complete this question by entering your answers in the tabs below. Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. Laker Company reported the following January purchases and sales data for its only product. For specific identification, ending inventory consists of 220 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 35 are from beginning inventory. ?equired: Issume the periodic inventory system is used. Determine the cost assigned to ending inventory and to cost of goods sold using (a pecific identification, (b) weighted average, (c) FIFO, and ( d ) LIFO. Complete this question by entering your answers in the tabs below. Determine the cost assigned to ending inventory and to cost of goods sold using FIFO
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