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Use the following information for the Exercises below The folowing intormation applies to the questions displeyed below] Laker Company reported the following January purchases and

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Use the following information for the Exercises below The folowing intormation applies to the questions displeyed below] Laker Company reported the following January purchases and sales deta for its only product Jan. 1 Beginning inventory 160 unital 8.50-$1,360 120 units $17.50 Jan. 10 Sales Jan- 20 Parchase Jan. 25 Sales Jan. 30 Purchase 100 unitat $7.50750 120 units$17.50 11,40 3,650 240 units 480 units Totals The Company uses a perpetual Inventory system. For specific identification, ending inventory consists of 240 units, whene from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory Exercise 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 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 LIFO. Complete this questions by entering your answers in the below tabs. Required 1Required 2 Required 3 Required 4 Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. Cost of Goods Sold Available for Sale Unit Units Units Cost Sold Inventory- Cost PerEnding it Cost Coos Activity 6 7 or9EEE Next > C Prev MacBook Pro

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