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! Required Information [ The following infomation applies to the quetions disployed below ] Laker Company reported the following January punchases and caies data for
Required Information
The following infomation applies to the quetions disployed below
Laker Company reported the following January punchases and caies data for its only product For specific identification, ending Inventory conslsts of units from the January purchase, units from the January purchase, and units from beginning inventory:
Assume the perpetual inventory system is used.
Required:
Complete the table to determine the cost usigned to ending imentory ond cost of goods sold using specific identification.
Determine the cost assigned to ending inventory and to cost of gooes soid using weighted average.
Determine the cost scsigned to ending inventory and to cost of goods cold using FIFO.
Determine the cost ssigned to ending inventory and to cost of goode cold using LIFO.
Complete this question by entering your answers in the tabs below.
tabletableSppecificIdentificationtableWeightedAverageFifo
Determine the cost assiqned to ending inventory and to cast of goods cold usind LIFO.
tableDateGoodic Purohaced,Coct or Goode old,Inventory Balanoo of unite,tableCoctpor unittableof unitecoldtableCostporunittableCoct of boodesoldFor units,tableCoctparuntInventory BalanoeJanuary at$$
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