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! Required information The following information applies to the questions displayed below) Laker Company reported the following January purchases and sales data for its only

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! Required information The following information applies to the questions displayed below) Laker Company reported the following January purchases and sales data for its only product. The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 370 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory Date Activities Unita Acquired at Cost January 1 Beginning inventory Units sold at Rata 220 units $14.50 - $ 3,190 January 10 Sales 170 units $23.50 January 20 Purchase 170 units $13.50 - 2,295 January 25 Sales 200 units # 23.50 January 30 Purchase 376 unitse $13.00 - 4,810 Total 760 units 5 10,295 370 units Required: 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

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