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Laker Company reported the following January purchases and sales data for it only product Activites...

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Accounting

Laker Company reported the following January purchases and sales data for it only product Activites Jan. 1 Beginning inventory Bales Urts Actreder Cost 200 units $7.00 $1,400 Jan 10 Jan. 20 Purchase 150 unis $0.80 = 1,020 Jan. 25 Sales Jan 30 Purchase 160s @ $5.00- 944 $3.364 160 100 Units sold at Rela $100-$2,000 $18.00-$1.000 200 units 14 650 Laker uses a perpetual inversary system. Determine the cost casigned to cost of goods sold using space identification, wghted average FIFO and LIFO
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