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ewconnect.mheducation.com/flow/connect.html?isRege true&returnUrl;= https%3A%2F%2Fconnect.m heducation.co ork Saved Required information [The following information applies to the questions displayed below Laker Company reported the following January purchases and sales data for its only product Activities Units Acquired at Cost Units sold at Retail 140 units @ $6.00=$840 3ee 180 units $4.50- 81e Jan. 1 Beginning inventory 1ee units $ 15 Jan. 10 Sales Jan. 28 Purchase Jan. 25 Sales Jan. 30 Purchase 68 units @ $5.ee= 80 units $ 15 Totals 380 units $1,950 180 units The Company uses a perpetual inventory system. For specific identification, ending inventory consis 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginni Required: 1. Comolete the table to determine the cost assigned to endine inventesind cstcnde coldcssne

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Available for sale Available for sale Available for sale Cost of goods sold Cost of goods sold Cost of goods sold Ending Inventory Ending Inventory Ending Inventory Purchase Date Activity Units Units costs ($) Units sold Units cost ($) COGS Ending inventory units Cost per unit ($) Ending inventory cost ($) Jan.1 Beginning Inventory 140 6.00 125 6.00 750 15 6.00 90 Jan.20 Purchase 60 5.00 55 5.00 275 5 5.00 25 Jan.30 Purchase 180 4.50 0 180 4.50 810 380 180 1,025 200 925

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