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Use the following information for the Exercises 3-7 below. (Algo) [The following information applies to...

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Accounting

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Use the following information for the Exercises 3-7 below. (Algo) [The following information applies 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 270 units from the January 30 purchase, 5 units from the January 20 purchase, and 10 units from beginning inventory, Exercise 5-3 (Algo) Perpetual: Inventory costing methods LO P1 4. 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. Complete the table to determine the cost assigned to ending inventory and cost of goods sold using speeific identification. Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. Notes Roynd cost per unit to 2 decimal places. termine the cost assigned to ending inventory and to cost of goods sold using FIFO. atermine the cost assigned to ending inventory and to cost of goods sold using LIFO

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