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Problem 3 Laker Company reported the following January purchases and sales data for its only...

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Problem 3 Laker Company reported the following January purchases and sales data for its only product D Date Activities Units Acquired at CostUnits Sold at Retail Jan. 1 Beginning inventory 140 units @ $6.00 = $840 Jan. 10 Sales 100 units @ $15.00 = $1,500 Jan. 20 Purchase 60 units @ $5.00 = 300 Jan. 25 Sales 80 units @ $15.00 = $1,200 Jan. 30 Purchase 180 units @ $4.50 = 810 380 units $1,950 180 units $2,700 a. Determine the cost assigned to ending inventory and to cost of goods sold using periodic FIFO and LIFO (use the template below for both LIFO and FIFO (5) Available for Sale Cost of Goods Sold Ending Inventory Date Units Unit Units Unit COGS Units in Unit Ending Cost Sold Cost Ending Cost Inventory Inventory Value (6)

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