Laker company reported the following january purchases and sales data for its only product.

date activities units acquired at cost units sold at retail
jan. 1 beginning inventory 215 units @ $ 14.00 = $ 3,010
jan. 10 sales 165 units @ $ 23.00
jan. 20 purchase 160 units @ $ 13.00 = 2,080
jan. 25 sales 190 units @ $ 23.00
jan. 30 purchase 330 units @ $ 12.50 = 4,125
totals 705 units $ 9,215 355 units

the company uses a perpetual inventory system. for specific identification, ending inventory consists of 350 units, where 330 are from the january 30 purchase, 5 are from the january 20 purchase, and 15 are from beginning inventory.

required:
1. complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification.

Which is the correct expansion of the term internet? a. internetwork b. institutional network c. instructional network d. international network

How does knowing about supply and demand

Suppose that hubert, an economist from an am talk radio program, and kate, an economist from a nonprofit organization on the west coast, are arguing over government bailouts. the following dialogue shows an excerpt from their debate: kate: to recent financial crises, the concept of bailouts is a hot topic for debate among everyone these days. hubert: indeed, it’s gotten crazy! a government bailout of severely distressed financial firms is unnecessary because free markets will properly price assets. kate: i don’t know about that. without a bailout of severely distressed financial firms, the economy will experience a deep recession. the disagreement between these economists is most likely due todifferences in scientific judgments . despite their differences, with which proposition are two economists chosen at random most likely to agree? business managers can raise profit more easily by reducing costs than by raising revenue. central banks should focus more on maintaining low unemployment than on maintaining low inflation. employers should not be restricted from outsourcing work to foreign nations