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Business, 26.05.2021 17:00 julliette27

Laker Company uses a perpetual 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 beginning inventory. 3. Determine the cost assigned to ending inventory and to cost of goods sold using FIFO.

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