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2 Required information 12 of 2 [The following information applies to the questions displayed below.) Laker Company reported the following January purchases and sales data
2 Required information 12 of 2 [The following information applies to the questions displayed below.) Laker Company reported the following January purchases and sales data for its only product. The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 210 units from the January 30 purchase, 5 units from the January 20 purchase, and 30 units from beginning inventory. nts t Date eBook Hint January 1 January 10. January 201 January 25 January 30 Activities Beginning inventory Sales Purchase Sales Print Purchase Totals Units Acquired at Cost 155 units @ $ 8.00 $1,240 90 units $7.00 = $ 6.50= 210 units @ 455 units Units sold at Retail 115 units e $17.00 630 95 units $17.00 1,365 $ 3,235 210 units Check my work References The Company uses a periodic inventory system. For specific identification, ending inventory consists of 210 units from the January 30 purchase, 5 units from the January 20 purchase, and 30 units from beginning inventory. Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (c) FIFO, and (d) LIFO. Complete this question by entering your answers in the tabs below. Specific Id Weighted Average FIFO LIFO inuentory and to cost of goods sold using FIFO. of 21 ok Required information Complete this question by entering your answers in the tabs below. Specific Id Weighted Average FIFO LIFO Check my work Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decimal places.) b) Weighted average-Periodic " Cost of Goods Available for Sale Average Cost # of units per unit Cost of Goods Available for # of units sold Sale Cost of Goods Sold Average Cost of Goods Cost per Unit Sold # of units in ending Inventory Ending Inventary Average Cost per unit ences Beginning inventory 155 $ 1,240 Purchases: January 201 90 630 January 30 20 1,365 455 $ 3.235 210 $ 2451 $ Total > Part 2 of 2 10 points Required information ur answers in the tabs below. LIFO ntory and to cost of goods sold using weighted average. (Round cost per unit to 2 decimal places.) of Goods Available for Sale Cost of Goods Sold eBook Hint Print References j Ending Inventory Average Cost Cost of Goods per unit Available for # of units sold Sale Average Cost per Unit Cost of Goods Sold of units in ending inventory Average Cost per unit Ending Inventory $ 1,240 . 630 , 1,365 $ 3,235 210 $ 0 245 $ and aut 2 Part 2 of 2 Required information Complete this question by entering your answers in the tabs below. 10 Specific Id Weighted Average points FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. eBook c) Periodic FIFO Hint Print References Check my work Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory # of units Cost per unit Cost of Goods Available for Sale # of units sold Cost per unit Cost of Goods # of units in Sold ending Inventory Cost per unit Ending Inventory Beginning inventory 155 8.00 $ 1,240 Purchases: January 201 90 7.00 630 55 $ 7.00 385 January 30 210 6.50 1,365 210 $ 6.50 1.365 Total 455 $ 3,235 55 $ 365 210 $ 1,305 Weighted Average LIFO > 2 rt 2 of 2 Required information Complete this question by entering your answers in the tabs below. Specific Id Weighted Average FIFO ints LIFO Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. abook d) Periodic LIFO Check my work Hint Print Cost of Goods Available for Sale Cost of Goods Sold of units Cost per unit Cost of Goods Available for Sale #of units sold Cost per Cost of Goods of units in Sold ending inventory Ending Inventory References Beginning inventory 155 8.00 $ 1,240 0 Cost per unit Ending Inventory 155 $ 8.00 $ 1,240 Purchases: January 20 90 7.00 630 January 30 210 6.50 1,365 Total 455 $ 3,235 0 $ 155 $ 1240
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