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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. The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 290 units from the January 30 purchase, 5 units from the January 20 purchase, and 20 units from beginning inventory. Date Activities Units Acquired at Cost Units sold at Retail January 1 Beginning inventory 195 units $12.00 $ 2,340 January 10 Sales 155 units @ $ 21.00 January 20 Purchase 120 units a $ 11.00 1,320 January 25 Sales 135 units $ 21.00 January 30 Purchase 290 units @ $ 10.50 - 3,045 Totals 605 units $ 6,705 290 units ses a Record journal entries for Laker Company's sales and purchases transactions. Assume for this assignment that the perpetual inventory system and FIFO. All sales and purchases are made on account, and no discounts are offered. View transaction list Journal entry worksheet > 1. At year-end, Barr Company had shipped $14,500 of merchandise FOB destination to Lee Company, which company should include the $14,500 of merchandise in transit as part of its year-end Inventory? 2. Parris Company has shipped $22,000 of goods to Harlow Company, and Harlow Company has arranged to sell the goods for Parris. Identify the consignor and the consignee. Which company should include any unsold goods as part of its inventory? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Parris Company has shipped $22,000 of goods to Harlow Company, and Harlow Company has arranged to sell the goods for Parris. Identify the consignor and the consignee. Which company should include any unsold goods as part of its inventory? Identify the consignor. Identify the consignee. Which company should include any unsold goods as part of its inventory? (Required 1 Nequired

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