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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.

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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. Date Activities Units Aequired at cost Units sold at Retail Jan 1 Beginning inventory 230 units $15.50 - $ 3,565 Jan. 10 salen 100 units $24.50 Jan. 20 Purchase 190 unitse $14.50 - 2,755 Jan. 25 Sales 220 units. $24.50 Jan. 30 Purchase 360 unitse $14.00 -5,040 Totale 780 units 511,360 400 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 380 units, where 360 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory 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. Complete this question by entering your answers in the tabs below. Required information Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decimal places.) Welghted Average - Perpetual: Goods Purchased Cost of Goods Sold Inventory Balance # of # of Date Cost per units Cost per cost of Goods Cont per units Inventory unit unit # of units Sold sold unit Balance January 1 230 e 5 15.50 = $ 3,565.00 January 10 January 20 Average cost January 25 January 30 Totals

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