education.comflowconnect.html Chapter 3 54,5,6) Required informatio - education.com\/flow\/connect.html Chapter 3 54,5,6 Required information Use

# education.comflowconnect.html Chapter 3 54,5,6) Required informatio

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education.com/flow/connect.html Chapter 3 54,5,6) Requiredinformation Use the following information for the Exercises below. [The following information applies to the questions displayed below.) Laker Company reported the following January purchases and sales data for its only product. Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals Units Acquired at Cost Units sold at Retail 200 units @ \$12.50 = \$2,500 160 units @ \$21.50 130 [email protected] \$11.50 = 1,495 140 units @ \$21.50 300 units \$11.00 3,300 630 units \$7,295 300 units Exercise 5-5A Periodic: Inventory costing LO P3 Required: The Company uses a periodic inventory system. For specific identification, ending inventory consists of 330 units, where 300 are from the January 30 purchase. 5 are from the January 20 purchase, and 25 are from beginning inventory. Determine the cost assigned to ending Inventory and to cost of goods sold using a specific identification. (b) weighted average. (FIFO, and ( LIFO Complete this questionsby entering your answers in the below tabs. < Prey 6 of 8 Next > piers 4, 5, 6) 1 Saved Required information The Company uses a periodic inventory system. For specific identification, ending inventory consists of 330 units, where 300 are the January 30 purchase, 5 are from the January 20 purchase, and25 are from beginning inventory. Determine the cost assign