er Company reported the following January purchases and sales data for its only product. Lak...
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er Company reported the following January purchases and sales data for its only product. Lak Date Activities Units Acquired at Cost 14@units @ $6.00 = $840 60 units@$5.00 300 Units Sold at Retail Jan. I Beginning i Jan. 10 Sales Jan. 20 Purchase. Jan. 25 Sales 100 units @$15 80 units@$15 18 units @ $4.50 810 1.950 8Q 180 units Required ny uses a perpetual inventory system. Determine the cost assigned to ending inventory and to ts and inventory amounts to cents.) For specific identification, ending inventory consists of se, 5 are from the Janary 20 purchase, and 15 are cost of goods sold using (a) specific identification, (b) weighted average, (c) FIFO, and (d) LIFO. (Round uni per 200 units, where 180 are from the January 30 purcha from beginning inventory
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