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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.
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 180 unts from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory Date Activities Units Acquired at Cost hits sold at Retail January 1 Beginning inventory 140 units 55.00 January 10 Sales 515 January 20 Purchase Units 55.00 January 25 Sales Bunits 515 January 30 Purchase 10 units $ 4.50 Totals 30 units 200 units The Company uses a periodic inventory system. For specific identification, ending inventory consists of 180 units from the January 30 purchase. 5 units from the January 20 purchase, and 15 units from beginning inventory Determine the cost assigned to ending inventory and to cost of goods sold using a specific identification, weighted average. I AFO, and LIFO Complete this question by entering your answers in the tabs below. ERO Specified Weighted Average Determine the cont assigned to ending inventory and to cost of goods sing seccion. For specie delication, anding inver 156 units from the January 30 purchase, 5 units from the ary 26 Burchase and 15 st beginning inventory Specimen Costo de Avatar Sale Cost of itory Cost of Goods Bonita Next Cate Next > 3131
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