(Solved): Laker Compary reported the following January purchases and sales data for its only product The Comp ...

Laker Compary reported the following January purchases and sales data for its only product The Company uses a perpetual inventory system. For specific identification, ending imertiory consists of 240 units from the laruary 30 purchase, 5 units fom the Jaruary 20 purchase, and 15 units from beginning inventory. The Company uses a periodic inventory system. For specific identication, ending inventory consists of 240 units from the january 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning imventory. Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific idemification, (b) weighted overage, (c) FiFO, and (o) LifO. Camplete this opestien liy entering vour answers in the tabs below: Determine the cost assigned to ending imventery and to cost of goods sold uting specific identification, For spectic identifications anding inventory consizts af 240 units fimm the 3anuary 30 purchase, 5 units from the January 20 purchave, and 15 units from beginning inventory.