3 Required information (The following information applies to the questions displayed below.) 1 of 7 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 380 units from the January 30 purchase, 5 units from the January 20 purchase, and 25 units from beginning inventory. ts Units sold at Retail Units Acquired at Cost 240 units @ $ 16.50 = eBook $ 3,960 190 units @ $ 25.50 Date January 1 January 10 January 20 January 25 January 30 Activities Beginning inventory Sales Purchase Sales Purchase Totals 170 units $15.50 = Hint 2,635 190 units @ $ 25.50 $15.00 = Print 380 units 790 units 5,700 $ 12,295 380 units ferences 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. Natavanant anastaonlineinanta 3 Required information Part 1 of 7 Complete this question by entering your answers in the tabs below. Specific Id Weighted Average FIFO 10 points LIFO Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. eBook Specific Identification Cost of Goods Sold Hint Available for Sale Print Purchase Date Activity # of units Cost Per Unit # of units sold Cost Per Unit COGS References 240 2150 $ 16.50 January 1 January 20 January 30 Beginning inventory Purchase Purchase $ 16.50 $ 15.50 $ 3,548 2,558 Ending Inventory Ending Ending Cost Per Unit Inventory- Units Inventory- Cost 25 $ 16.50 $ 413 5 $ 15.50 78 380 $ 15.00 5,700 410 $ 6,191 170 165 $ 15.50 380 $ 15.00 790 380 $ 6,106 Chapter 6 HW Saved 3 Required information Specific Id Weighted Average FIFO LIFO Part 1 of 7 Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. 10 points Goods Purchased Cost per # of units unit Perpetual FIFO: Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Date Inventory Balance Cost per unit Inventory Balance # of units eBook January 1 240 at $ 16.50 $ 3,960.00 Hint January 10 Print References January 20 Total January 20 January 25 Total January 25 January 30 3 Required information Date Cost per # of units Cost per unit # of units sold Cost of Goods Sold # of units Cost per Inventory Balance unit unit Part 1 of 7 January 1 240 at $ 16.50 = $ 3,960.00 January 10 10 points January 20 eBook Total January 20 Hint Print January 25 References Total January 25 January 30 Totals m. Required information Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. Part 1 of 7 Perpetual LIFO: Cost of Goods Sold # of units Cost per Cost of Goods unit Sold Goods Purchased Cost per # of units unit Date Inventory Balance Cost per Inventory Balance unit sold # of units 10 points January 1 240 at $ 16.50 = $ 3,960.00 January 10 eBook Hint January 20 Print References Total January 20 January 25 Total January 25 January 30 Totals