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Required Information [The following information applies to the questions displayed below) Date 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) Date Laker Company reported the following January purchases and sales data for its only product. The Company uses a periodic Inventory system. For specific Identification, ending inventory consists of 200 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory Activities Units Acquired at Cost Units sold at Retail Jan. 1 Beginning inventory 148 units @ $6.00 - $ 840 Jan. 18 Sales 100 units @ $15 Jan. 20 Purchase 60 units @ $5.ee 300 Jan. 25 Sales 80 units @ $15 Jan. 30 Purchase 188 units @ $4.50 Totals 380 units $1,950 18 units 810 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 Perpetual LIFO Goods Purchased # of Cost units per unit Date Cost of Goods Sold Cost W of units Cast of sold per Goods Sold unit Inventory Balance Cost # of units per Inventory unit Balance January 1 140 e 36.00 840.00 January 10 January 20 January 25 January 30 Totals

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