2 Required information Use the following information for the Exercises below. The following information applies to the questions displayed below) Laker Company reported the following January purchases and sales data for its only product Date Activities Units equired cost Units sold at Retail Jan 1 Binning inventory 185 vots $100 $2,055 10 Sole 145 $20.00 Jan. 20 Purchase 100 1000 335 Sales 135 Unit 520.00 Son 30 Purchase 270 units EN503 Total 355 unit 55.600 20 unite The Company uses a perpetual nventory System For specific identification ending inventory consists of 285 units where 270 are from the January ao purchases are from the onuary 20 purchase and 10 are from beginning inventory Exercise 5.3 Perpetual: Inventory costing methods LO P1 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification (Round cos places.) Specific Identification Available for Sale Cost of Goods Sold Ending Inventory Ending Unit Purchase Date Units Units Ending Activity Unit Cost COGS Cost Per Inventory Cost Sold Units Unit Inventory Cost Jan 1 Beginning inventory 185 Jan 20 Purchase 100 Jan 30 Purchase 270 555 *** M04: Writing Assignment - Wells Fargo Culture et Start A bord Do Tapes 23 olem aj o djalo Hot O O DELL wy HD : 0 0 al 0 Q W E R Y n U I O d P 1 1 1 1 1 1 1 7 L CA A S D F 9 G H J 4 45 Sally N Z C V 8 B N N M Shu pm about 2 months Read the Management in Action case, "Wells Fargo's Sales Culture Fails the Company" on p. 355-357 in the textbook. Look at the For Discussion questions on p. 357. Please answer these four questions. Note: You will not be answering all of the questions on p. 357 in the text: just these four: 1. What is the underlying problem in this case from the regulators' perspective? 2. What role do you believe Wells Fargo's executive leadership played in the RSP and auto insurance scandals? 3. What do you think regulators should do to encourage permanent change in Wells Fargo's culture and prevent similar problems in the broader banking industry? 4. What is the most important lesson from this case? Discuss. Please number your answers to correspond with each question. Remember, you do not need to answer the Application of Content questions 1, 2, 3, or 4