Laker Company reported the following January purchases and sales data for it only product Activites...
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Laker Company reported the following January purchases and sales data for it only product Activites Jan. 1 Beginning inventory Bales Urts Actreder Cost 200 units $7.00 $1,400 Jan 10 Jan. 20 Purchase 150 unis $0.80 = 1,020 Jan. 25 Sales Jan 30 Purchase 160s @ $5.00- 944 $3.364 160 100 Units sold at Rela $100-$2,000 $18.00-$1.000 200 units 14 650 Laker uses a perpetual inversary system. Determine the cost casigned to cost of goods sold using space identification, wghted average FIFO and LIFO 
Laker Company reported the following January purchases and sales data for it only product Activites Jan. 1 Beginning inventory Bales Urts Actreder Cost 200 units $7.00 $1,400 Jan 10 Jan. 20 Purchase 150 unis $0.80 = 1,020 Jan. 25 Sales Jan 30 Purchase 160s @ $5.00- 944 $3.364 160 100 Units sold at Rela $100-$2,000 $18.00-$1.000 200 units 14 650 Laker uses a perpetual inversary system. Determine the cost casigned to cost of goods sold using space identification, wghted average FIFO and LIFO
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