Question

Refer to the information in Exercise and assume the periodic inventory system is used. Determine the costs assigned to ending inventory and to cost of goods sold using
In Exercise Laker Company reported the following January purchases and sales data for its only product.
(a) Specific identification,
(b) Weighted average,
(c) FIFO,
(d) LIFO. (Round per unit costs and inventory amounts to cents.)


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  • CreatedApril 23, 2015
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