bus 105
can you explain how you will get the # of units sold on specific ID
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 210 units from the January 30 purchase, 5 units from the January 20 purchase, and 30 units from beginning Inventory Un contre cont Beginning inventory 155 unite $1.00 00 units $7.00 210 units Activities $ 1,200 115 Dute January 1 January 10 January 20 January 25 January 20 630 Sales Purchase Sales Purchase as writte $17.00 $ 6.50 1.365 $3,215 Totals 210 units Exercise 6-3 (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 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. Help Required information 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 ld Weighted Average FIFO LIFO 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 Inventory Ending Inventory Purchase Date Ending of units Cost Per Unit Activity Cost Per Unit of units COGS Cost Per Unit Ending Inventory. Cost sold Units January 1 January 20 January 30 Beginning inventory Purchase Purchase 1557 s 8.00 907 $ 700 210 $ 6.50 455 0 $ 0 0 Clo Weighted Average > webapps work Swed Required information Specific Id Weighted Average FIFO LIFO Determine the cost assigned to ending Inventory and to cost of goods sold using weighted average. (Round cont per unit to 2 decimal placen.) Welohted Average Perpetual: Cost of Goods Sold Goods Purchased Inventory Balance Date #of units Cost per unit # of units sold Cost per unit Cost of Goods Sold of units Cost per unit Inventory Balance January 1 155 1 S 3.00 S 1.240 00 January 10 January 20 Average cost January 20 January 25 January 30 Totals FIFO >
