Question: specific id, weighted, fifo, and lifo plz IThe following information applies to the questions displayed beiow]. Laker Compony reported the following january purchases and sales
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IThe following information applies to the questions displayed beiow]. Laker Compony reported the following january purchases and sales data for its only product. The Company uses a perpetual inventory system. For specific identification, ending imventory consists of 280 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. The Company uses a periodic inventory system. For specific identification, ending inventory consists of 280 units from the January 30 purchase, 5 units from the Jonuary 20 purchase, and is units from beginning inventory. Determine the cost assigned to ending inventory and to cost of goods soid using (a) specific identification, (b) weighted average, (c) FIFO, and (c) LIFO. Complete this question by entering your answers in the tabs below, Determine the cost assigned to ending inventory and to cost of goods soid using specific identification. For specific identification, ending inventory consists of 280 uni January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. Determine the cost assigned to ending ifventory and to cost of goods sold using speefic identification. For specific identification, ending inventory contists of zlig u Jandary 30 purchase, 5 units from the January 20 purchase, and is units from beginning inventory
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