Question: I need to fill in all the yellow lined boxes. Exercise 5-3 Perpetual: Inventory costing methods LO P1 The following information applies to the questions
Exercise 5-3 Perpetual: Inventory costing methods LO P1 The following information applies to the questions displayed belowj Laker Company reported the following January purchases and sales data for its only product. Activities Date Units Acquired at Cost Units sold at Retall Jan. 1 Beginning Inventory 300 units $10.00, $3,000 Jan. 10 Sales 165 units $18.00 Jan. 20 Purchase 370 units 9.00 3.330 Jan. 25 Sales 295 units $18.00 Jan 30 Purchase 240 units 8.00 1.920 Totals 910 units $8.250 460 units Laker Company uses a perpetual Inventory system. For specific Identification, ending inventory consists of 450 units, where 240 are from the January 30 purchase, 75 are from the January 20 purchase, and 135 are from beginning Inventory
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