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Requlred Information [The following information applles to the questions displayed below.] Laker Company...

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Accounting

Requlred Information
[The following information applles 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 210 units from the January 30 purchase, 5 units from the January 20
purchase, and 30 units from beginning inventory.
Assume the perpetual inventory system is used.
Required:
Complete the table to determine the cost assigned to ending Inventory and cost of goods sold using specific identification.
Determine the cost assigned to ending Inventory and to cost of goods sold using welghted average.
Determine the cost assigned to ending inventory and to cost of goods sold using FIFO.
Determine the cost assigned to ending inventory and to cost of goods sold using LIFO.
Complete this question by entering your answers in the tabs below.
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