5 eBook Hint Required information i 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 periodic inventory system. For specific identification, ending inventory consists of 232 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 47 are from beginning inventory Print Date Activities Units Acquired at Cost $ 156 units @ 6.00 $ 936 Reference January Beginning 1 inventory Units sold at Retail 84 units @ 15.00 January Sales 10 20 January Purchase 76 units @ 380 5.00 25 January Sales 96 units @ 15.00 January 30 Purchase 180 units @ 810 4.50 $ 180 units Totals 412 units 2,126 Exercise 5-5A (Algo) Perpetual: Inventory costing LO P3 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. Specific Weighted FIFO LIFO Id Average Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. Specific Identification Available for Sale Cost of Goods Sold Cost # of Purchase Date #of Activity Per units units Cost Per Unit Unit sold Ending COGS Inventory- Units Ending Inventory Cost Per Unit Ending Inventory- Cost January 11 Beginning 156 $6.00 inventory January 201 January 30 Purchase 76 $5.00 Purchase 180 $ 4.50 412 0 0 S 0 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 periodic inventory system. For specific identification, ending inventory consists of 232 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 47 are from beginning Inventory Date January Beginning Activities Units Acquired at Cost 156 units @ Units sold at Retail =$ 936 1 inventory 6.00 $ January 84 units @ Sales 15.00 10 20 January Purchase 76 units @ 5.00 380 anuary Sales 96 units @ 15.00 25 30 January Purchase 180 units @ 810 $ Totals 412 units 2,126 180 units Exercise 5-5A (Algo) Perpetual: Inventory costing LO P3 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. Specific Weighted Id Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. Note: Round cost per unit to 2 decimal places. Weighted Average Perpetual: Goods Purchased Cost of Goods Sold Inventory Balance Cost #of #of Date units per units Cost per unit unit sold Cost of Goods Sold # of units Cost per unit Inventory Balance January 1 156 @S 6.00 $936.00 January 10 January 201 Average cost January 25 January 30 Totals 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 periodic inventory system. For specific identification, ending inventory consists of 232 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 47 are from beginning inventory. Date Activities: Units Acquired at Cost Units sold at Retail January Beginning 1 inventory 156 units @ $936 6.00 $ January Sales 84 units 15.00 10 January Purchase 76 units @ 380 5.00 20 25 January Sales 96 units @ 15.00 January Purchase 180 units @ 810 30 4.50 Totals 412 units 188 units 2,126 Exercise 5-5A (Algo) Perpetual: Inventory costing LO P3 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. Specific Weighted Id FIFO Average LIFO Goods Purchased Date of units Cost per Cost Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. Perpetual FIFO Cost of Goods Sold Inventory Balance Cost #of units sold unit per unit Cost of Goods Sold # of units per Inventory Balance unit S 156 @ $ 936.00 6.00 January 11 January 10 January 201 January 25 January 30 Totals ce 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 periodic inventory system. For specific identification, ending inventory consists of 232 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 47 are from beginning Inventory Date January Beginning 1 inventory January Sales 18 January Purchase Units sold at Retail Activities Units Acquired at Cost 156 units @ 6.00 $ 936 84 units @ 15.00 $ 76 units @ 380 20 5.00 $ January Sales 96 units @ 15.00 25 January Purchase 188 units @ 818 30 4.50 Totals 412 units 180 units 2,126 Exercise 5-5A (Algo) Perpetual: Inventory costing LO P3 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. Specific Weighted Id Average FIFO LIFO Perpetual LIFO Goods Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. Cost of Goods Sold Purchased Cost Cost Date of units per unit # of units sold per Cost of Goods Sold Inventory Balance Cost unit Sof units per unit Inventory Balance January 1 156 G $ 936.00 6.00 January 10 January 201 January 25 January 30 Totals Pre