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The tab on the bottom left are the questions 1-6 Laker Company reported the following January purchases and sales data for its only product. For

The tab on the bottom left are the questions 1-6 image text in transcribed
Laker Company reported the following January purchases and sales data for its only product. For specific identification, ending inventory consists of 400 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. cord journat entries for Laker Company's sales and purchases transactions. Assume for this assignment that the company uses erpetual inventory system and FIFO. Ali sales and purchases are mode on account, and no discounts are offered. Record the sale of goods. Record the cost of sale. Record the purchase or inventory. Hecord the sale of goods. fecord the cost of sale. Record the purchase of inventory

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