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Help Save & Exit Sub Saved The following information applies to the questions displayed below.]...

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Accounting

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Help Save & Exit Sub Saved The following information applies to the questions displayed below.] Laker Company reported the following January purchases and sales data for its only product aviciea Units Acquired at Cost Units sold at Retail Beginning inventory 150 units $7.50-$1,125 80 units8 $6.50- 520 200 units e 96.00-1.200 Jan. 1 110 units9 $16.50 Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase 90 units8 $16.5o 430 unitS 62,845 200 units Totals Required The Company uses a periodic inventory system For specific identification, ending inventory consists of 230 units, where 200 are from the January 30 ending inventory and to cost of goods sold using (aj specific dentification, ( weighted average. (d FIFO, and (d LIFO purchase, 5 are from the January 20 purchase, and 25 are from beginning inventory Determine the cost assigned to Complete this questions by entering your answers in the below tabs. Weighted Specfic ld Average FIFO LIFO Next >

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