Use the following information for the Exercises below. Skip to

question $[$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 Units sold at Retail Jan. $1$ Beginning

inventory $140$ units @ $ $6\mathrm{.}00=$ $ $840$ Jan. $10$ Sales $100$ units @ $ $15$

Jan. $20$ Purchase $60$ units @ $ $5\mathrm{.}00=300$ Jan. $25$ Sales $80$ units @ $

$15$ Jan. $30$ Purchase $180$ units @ $ $4\mathrm{.}50=810$ Totals $380$ units $

$1,950180$ units The Company uses a perpetual inventory system. For

specific identification, ending inventory consists of $200$ units,

where $180$ are from the January $30$ purchase, $5$ are from the January

$20$ purchase, and $15$ are from beginning inventory.$$

Exercise $6-3$

Perpetual: Inventory costing methods

P$1$

Laker Company reported the following January purchases and sales data for its only product.

$\backslash$table$[[$Date$,$Activities,Units Acquired at Cost,Units Sold at Retail$],[$Jan$.1,$Beginning inventory $....,140$ units @$$6\mathrm{.}00=$$$840,],[$Jan$.10,$Sales $.......,,100$ units@$$15],[$Jan$.20,$Purchase $....,60$ units $>$$$5\mathrm{.}00=,],[$Jan$.25,$Sales $......,,80$ units @ $$15$