Exercise 5-4 Perpetual: Income effects of inventory methods LO A1 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 invent

Exercise 5-4 Perpetual: Income effects of inventory methods LO A1 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 invent

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