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Laker Compary reported the followng January purchases and sakes data for rs only product. The company ises a perpetuel inventony systern. For speconc identitcabon, ending
Laker Compary reported the followng January purchases and sakes data for rs only product. The company ises a perpetuel inventony systern. For speconc identitcabon, ending inventory consists of 310 unts from the January 30 purchase, 5 units from the January 20 purchese, and 30 unts from beginning inventory. Exercise 53 (Algo) Perpetual: Inventory costing methods LO P1 Requlred: 1. Complete the toble to determine the cost assigned to enaing mventory and cos of goods sold using specinc ioenahcation. 2. Deternine the cost assigned to enaing inventory and to cost of goods sold using weightied average. 3. Determine the cost assigned to ending inventofy and to cost of goods sold using fifo. 4. Determine the cost assigned to ending inventory and to cost or goods sola using ufo: 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. Laker Company reponted the followng January purchases and saies deta for is only product. The Compury uses a perpetual inventory system. For specifc idenuhcation, ending invertary corsist of 310 unts fom the laruary 30 purchase, 5 units from the anuary 20 purdiase, and 30 units thom begening imentory. Exerclse 53 (Algo) Perpetual: Inventory costing methods Lo P1 Required: 1. Complete the table to detemine the cost assigned to ending inventory and cost of goods soid using specilic Identification. 2. Deternine the cost assigned to ending imventory and to cost of goods soid 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. Determine the cost assigned to ending inventory and to cost of goods sold using LFO
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