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Complete this question by entering your answers in the tabs below. Specific Id Weighted Average...

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Accounting

Complete this question by entering your answers in the tabs below.
Specific Id
Weighted
Average
FIFO
LIFO
Determine the cost assigned to ending inventory and to cost of goods sold using specific identification. For specificicidentification, ending inventory consists
are from the January 30 purchase, 5 are from the January 20 purchase, and 29 are from beginning inventory.
Use the following information for the Exercises below. (Algo)
[The following information applies to the questions displayed below]
Laker Company reported the following January purchases and sales data for its only product. For specific identification,
ending inventory consists of 214 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase,
and 29 are from beginning inventory.
Exercise 5-3(Algo) Periodic: Inventory costing methods LO P1
Required:
Assume the periodic inventory system is used. Determine the cost assigned to ending inventory and to cost of goods sold using (d)
specific identification, (b) weighted average. (C) FIFO, and (c) LIFO.
Complete this auestion bv enterina vour answers in the tabs below. HOW DO I FIND THE # OF UNITS FOR FIFO AND LIFO???
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