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Required information Use the following information for the Exercises below. [The following information applies to the questions displayed belowJ Laker Company reported the following January

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Required information Use the following information for the Exercises below. [The following information applies to the questions displayed belowJ Laker Company reported the following January purchases and sales data for its only product. Units Acquired at Cost Date Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase 155 units $8.00 $1,240 90 units$7.00630 210 unitse $6.5e1,365 115 units$17.00 95 units$17.00 Totals 455 units $3,235 210 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 245 uni 210 are from the January 30 purchase, 5 are from the January 20 purchase, and 30 are from beginning inventory rcise 5-3 Perpetual: Inventory costing methods LO P1 ired: mplete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identif ^ 2 a search

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