Chapter 6 Graded i Saved Help Save & Exit Submit Check my work 30 points 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. eBook Date Activities Jan. 1 Beginning Hint inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals Units Acquired at Cost Units sold at Retail 195 units @ $12.00 - $2,340 155 units @ $21.00 120 units @ $11.00 - 1,320 135 units @ $21.00 290 units @ $10.50 - 3,045 605 units $ 6,705 290 units Print References Exercise 6-5A Periodic: Inventory costing LO P3 Required: The Company uses a periodic inventory system. For specific identification, ending inventory consists of 315 units, where 290 are from the January 30 purchase, 5 are from the January 20 purchase, and 20 are from beginning inventory. Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (C) FIFO, and (d) LIFO. Check my work Required information ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (FIFO, and (d) LIFO. 30 points Complete this questions by entering your answers in the below tabs. Specific Id Weighted Average FIFO LIFO eBook Determine the cost assigned to ending inventory and to cost of goods sold using specific identification. For specific identification, ending inventory consists of 315 units, where 290 are from the January 30 purchase, 5 are from the January 20 purchase, and 20 are from beginning inventory.............. Hint a) Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Print # of units Cost per Available for Cost of Goods # of units Cost per Sale I sold unit Cost of Goods Sold # of units in ending inventory Cost Ending per unit Inventory unit References Beginning inventory Purchases: Jan. 20 Jan. 30 Total 0 0 0 0 0 $ 0 Specificid Weighted Average > Check my work Required information ine company uses a periodic inventory system. For speciTic identification, ending inventory consists of 315 units, wnere 290 are from the January 30 purchase, 5 are from the January 20 purchase, and 20 are from beginning inventory. Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (c) FIFO, and (d) LIFO. 30 points Complete this questions by entering your answers in the below tabs. eBook Specific Id Weighted Average FIFO LIFO Hint Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decimal places.)....... b) Average Cost Print Cost of Goods Available for Sale Cost of Goods Sold Average cost of Goods # of units Average # of units Cost per Available for Cost per | Sale sold Goods Sold unit Unit Cost of Ending Inventory Average Ending in ending Cost per inventory Inventory unit # of units References Beginning inventory Purchases: Jan. 20 Jan. 30 Total of $ 0 $ 01 $ 0 Specific ld FIFO > Check my wol Required information ine company uses a periodic inventory system. For specic identification, ending inventory consists of 315 units, where 290 are from the January 30 purchase, 5 are from the January 20 purchase, and 20 are from beginning inventory. Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (C) FIFO, and (d) LIFO. 30 points Complete this questions by entering your answers in the below tabs. eBook Specific Id Weighted Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. . c) FIFO Print Cost of Goods Available for Sale Cost of Goods # of units Cost per e Available for unit Sale Cost of Goods Sold # of units Cost per Cost of sold unit Goods Sold Ending Inventory # of units Cost Ending in ending inventory ory per unit Inventory References Beginning inventory Purchases: Jan. 20 Jan. 30 Total 0 $ 0 0 0 0 $ Check my work Required information Hiyoris, III , I II the January 30 purchase, 5 are from the January 20 purchase, and 20 are from beginning inventory. Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (c) FIFO, and (d) LIFO. 30 points Complete this questions by entering your answers in the below tabs. eBook Specific Id Weighted Average FIFO LIFO Hint Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. d) LIFO Cost of Goods Sold Print Cost of Goods Available for Sale Cost of Goods # of units unit Sale Cost per Available for # of units Cost per sold unit Cost of Goods Sold Ending Inventory # of units in ending Ending Cost . inventory per unit Inventory References Beginning inventory Purchases: Jan. 20 Jan. 30 Total 0 0 0 0 0 $
