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Required information Use the following Information for the Exerclses below. [The following information applies to the questions displayed below.] Laker Company reported the following January

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Required information Use the following Information for the Exerclses below. [The following information applies to the questions displayed below.] Laker Company reported the following January purchases and sales data for tss only product. The Company uses a perpetual inventory system. For speciic idenufication, ending inventory consists of 340 units. Where 320 are from the January 30 purchase. 5 are from the January 20 purchase, and 15 are from beginning inventory. Exerclse 5.3 Perpetual: Inventory costing methods LO P1 Required: 1. Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specificidentification. 2. Determine the cost assigned to ending invertory 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 endlng inventory and to cost of goods sold using LiFO

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