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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. The Company

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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. The Company uses a perpetual inventory system For specific identification. ending inventory consists of 510 units, where 280 are from the January 30 purchase. 80 are from the January 20 purchase, and 150 are from beginning inventory. Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. (Round cost per unit to 2 decimal places.)

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