Question
385 1 Required information Use the following information for the Exercises 3-7 below. (Algo) The following information applies to the questions displayed below) Laker
385 1 Required information Use the following information for the Exercises 3-7 below. (Algo) 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 200 units from the January 30 purchase 5 units from the January 20 purchase and 25 uests from beginning inventory Actbitin Beginning eventory Sales Purchase 1,0 14,75 Exercise 5-3 (Algo) Perpetual: Inventory costing methods LO P1 Required 1 Complete the table to determine the cost assigned to ending inventory and cost of goods sold ining specicatrcato 2. Determine the cost assigned to ending invertory and to cost of goods sold using weighted average 3. Determine the cost assigned to ending inventory and to cost of goods sold using FFO 4. Determine the cost assigned to ending inventory and to cost of goods sold using LFO Complete this question by entering your answers in the tabs below Samific d Average FO Conglets the table to determine the cost assigned to ending inventory and P Janey January 30 Phase Pucha Arvy A 120 120 Goods S
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