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Inventising costing methods The company uses a periodic inventory system. For specific...

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Accounting

Inventising costing methods image
The company uses a periodic inventory system. For specific identification, ending inventory consists of 200 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from the beginning inventory.
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The following information applies to the questions displayed below. Laker Company reported the following January purchases and sales data for its only product Units sold at Retail 100 units $15 80 unts $15 180 units Activities Units Acquired at Cost Date Jan. 1 Beginning Inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase 140 units $6.00-$ 840 60 units $5.00- 300 180 units $4.50-810 380 units $1,950 Totals

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