$\backslash$table$[[,$A$,$B$,$C$,$D$,$E$,$F$,$G$,$H$],[1,],[,$Laker Company reported the following January purchases and sales data for its only product. The Company uses a system. $3.$ Determine the cost assigned to ending inventory and to cost of goods sold using FIFO.$],[3,,,,,,,,],[4,$Date,Activities,Units Acquired at Cost,Units Sold at Retail$],[5,,,$Units,Cost per unit,Total cost,Units,Selling price per unit,Total Sales$],[6,$January $01,$Beginning inventory,$180,$$$10\mathrm{.}50,$$$1,890,,,],[7,$January $10,$Sales,,,,$140,$$$19\mathrm{.}50,$$$2,730],[8,$January $20,$Purchase,$110,$$$9\mathrm{.}50,1,045,,,],[9,$January $25,$Sales,,,,$130,$$$19\mathrm{.}50,$$$2,535],[10,$January $30,$Purchase,$270,$$$9\mathrm{.}00,2,430,,,],[11,,$Totals,$560,,55,365,270,,35,265],[12,,,,,,,,],[13,,$Periodic FIFO,Cost of Goods Sold $-$ January,Ending Inventory $-$ January $31],[14,,,$Units,Cost per unit,Cost of goods sold,Units,Cost per unit,Ending Inventory$],[15,,180$ units from beginning inventory,,$$10\mathrm{.}50,,,$$$10\mathrm{.}50,],[16,,110$ units purchased on January $20,,$$$9\mathrm{.}50,,,59\mathrm{.}50,],[17,,270$ units purchased on January $30,,$$$9\mathrm{.}00,,$r$,59\mathrm{.}00,],[18,$Totals,$0,,$$$0\mathrm{.}00,0,,50\mathrm{.}00]]$

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