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Business, 20.09.2019 03:30 cteal7507

Laker company reported the following january purchases and sales data for its only product. date activities units acquired at cost units sold at retails01/01 beginning inventory 140 units @$6 = $84010/01 sales 100 units @$1520/01 purchases 60 units @$5 = $30025/01 sales 80 units @$1530/01 purchase 180 units @$4.5 = $810 total 380 units = $1,950 180 unitsthe company uses a perpetual inventory system. determine the cost assigned to ending inventory and to cost of goods sold using: (a) specific identification (b) weighted average (c) fifo (d) lifo (round per unit costs and inventory amounts to cents.) for specific identification, ending inventory consists of 200 units, where 180 are from the january 30 purchase, 5 are from the january 20 purchase, and 15 are from beginning inventory

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