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25 oints 1 Required information Use the following information for the Exercises 3-7 below. (Static) [The following information applies to the questions displayed below]
25 oints 1 Required information Use the following information for the Exercises 3-7 below. (Static) [The following information applies to the questions displayed below] Suipped 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 180 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory Dook Ask Date References January 1 January 10 January 201 Activities Beginning inventory January 25 January 30 Sales Purchase Sales Purchase Totals 140 units 60 units Units Acquired at Cost 56.00- 055.00- $840 100 units Units sold at Retail 0515 300 80 units $15 100 units 810 380 units $1,950 100 units Exercise 6-3 (Static) Perpetual: Inventory costing methods LO P1 Required: 1. Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification 2. Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. 3. Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. 4. Determine the cost assigned to ending inventory and to cost of goods sold using LIFO Complete this question by entering your answers in the tabs below. Ch
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