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Required information Use the following information for the Exercises 3-7 below. (Algo) [The following information applies to the questions displayed below.) Laker Company reported

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Required information Use the following information for the Exercises 3-7 below. (Algo) [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 January 1 Activities Beginning inventory Units Acquired at Cost 220 units $14.50- Units sold at Retail $3,190 January 10 January 20 January 25 January 30 Sales Purchase Sales 170 units $ 23.50 170 units $13.50 = 2,295 200 units $ 23.50 Purchase Totals 370 units $13.00 = 760 units 4,810 $ 10,295 370 units Exercise 6-6A (Algo) Periodic: Inventory costing LO P3 The Company uses a periodic 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. Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (c) FIFO, and (d) LIFO. Complete this nuastinn hv entering vaur answare in the tahe helow.

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