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Required information The following information applies to the questions displayed below) Laker Company reported the following January purchases and sales data for its only product. The Company uses a periodic inventory system. For specific identification, ending inventory consists of 420 units, where 400 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory Date Activities Units Acquired at cost Units sold at Retail Jan. 1 Beginning Inventory 230 units 15.50 - $ 3,565 Jan. 20 Sales 180 units $24.50 Jan. 20 Purchase 190 units $14.50 = 2,755 Jan. 25 Sales 220 units $24.50 Jan. 30 Purchase 400 units $14.00 5,600 Totals 820 units $11,920 400 units Required Determine the cost signed to enang tory and to cost of goods and Section, the FFF Complete this questions by entering your answers in the below tabe Specite to FRO uro Determine the cost assigned to ending inventory and to cost of goods sold inspecte identification. For specific identification, ending into con 420 unit, where 400 are from the January 30 purchases are from the January 20 purchase, and 15 are from beginning inventory Cost of Goode Available for sale Cost of Goods So Ending Inventory Cost per Cost of Goods of unita Available for count Cost per of units Cost of Cost Ending uni sold Sale unit in ending Goods Sold Inventory per un Inventory Begering ventory Purchase Jan 20 Jan 30 Total o 0 5 0 Weighted Average >

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