8.2

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. Activities Units Acquired at Cost Units sold at Retail Jan! 1 Beginning inventory 240 units @ $16 58 - $ 3.960 Jan. 18 Sales be units 0 125-58 Jan. 28 Purchase 2.635 Jan. 25 Sales 106 unles 0 625150 Jan. 38 Purchase 88 units $15.06 - zod units $121 295 The Company uses a perpetual Inventory system. For specific Identification, ending Inventory consists of 410 units, where 380 are from the January 30 purchase. 5 are from the January 20 purchase, and 25 are from beginning Inventory. Exercise 6-3 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. Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. B. Determine the cost assigned to ending Inventory and to cast 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. Go to cheing inventory and to cast of goods Weighted Average - Perpetual: Goode Puronaced Cost of Goods 8old Inventory Balance cost per # of Data unite Unite Coct por | Cost of Goods of unite Coct po Inventory cold unit Balanga