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The following information applies to the questions displayed below) Laker Company reported the following January purchases and sales data for its only product Date Activities

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The following information applies to the questions displayed below) Laker Company reported the following January purchases and sales data for its only product Date Activities Units Acquired at Cost Onits soldattal Jan. 1 Beginning inventory 240 units 516.50 -5 3.960 Jan. 10 Sales 190 units @ $25.50 Jan 20 Purchase 170 units 515.50 2,635 Jan. 25 Sales 190 units $25.50 Jan. 30 Purchase 300 units $15.00 5.700 Totals 790 units $12,295 300 units The Company uses a perpetual inventory systemFor specific identification, ending inventory consists of 410 units, where 380 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning inventory Required: 1. Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification 2. Determine the cost assigned to ending inventory 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 ending inventory and to cost of goods sold using UFO Complete this question by entering your answers in the tabs below. Required Required 2 Required Required 4 Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification (Round cost per unit to 2 decimal places Specific Identification Available for Sale Purchase Activity Unit Cost Cost of Goods Sold Units Sold Unit Cost COGS Ending inventory Ending Inventory Cost Per Ending Inventory Units Unit COSE Jan 20 Jan 30 Beginning inventory Purchase Purchase 240 5 1650 1701 5.15.50 380 5 15.00 7.90 0 0

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