Laker Company uses a perpetual inventory system and reported the following January purchases and sales data for its only product. Date Activity Units Info Jan 1 Beginning Inventory 140 units @ $6.00 = $840 Jan 10 Sale 100 units Jan 20 Purchase 60 units @ $5.00 = $300 Jan 25 Sale 80 units Jan 30 Purchase 180 units @ $4.50 $810 Jan 31 Ending Inventory 200 units @? Required: What is the total cost of Goods Available for Sale?

Laker Company uses a perpetual inventory system and reported the following January purchases and sales data for its only product. Date Activity Units Info Jan 1 Beginning Inventory 140 units @ $6.00 = $840 Jan 10 Sale 100 units Jan 20 Purchase 60 units @ $5.00 = $300 Jan 25 Sale 80 units Jan 30 Purchase 180 units @ $4.50 $810 Jan 31 Ending Inventory 200 units @? Required: What is the total cost of Goods Available for Sale?

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Description: Please do not give solution in image format ? And Fast answering please and explain proper steps by Step. Laker Company uses a perpetual inventory system and reported the following January purchases and sales data for its onlyproduct. Date Activity U

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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