Question: Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Laker Company reported the following
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Required information Use the following information for the Exercises 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 208 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase. and 23 are from beginning inventory. Exercise 5-5A (Algo) Perpetual: Inventory costing LO P3 Assume the perpetual inventory system is used. Required: 1. Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. 2. Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. 3. Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. 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. Determine the cost irylgned to ending inventory and to cost of goods sold using weighted average. Note: Round cost perfunit to 2 decimal places. 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 specific identification. Snecifie Udentifirating 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
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