Check my wol Required information 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 305 units, where 275 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning inventory Activities Units Aquired at Cost Units sold at Retail Jan. 1 Beginning inventory 175 units 510.00 - $1,750 Jan. 10 Salon 135 units $19.00 Jan. 20 purchase 130 units $9.00 1,170 Jan. 25 Sales 140 units $19.00 Jan. 30 Purchase 295 nits. $1.00 2,200 Totals 500 units $5,120 275 units Date Required: Determine the cost assigned to ending Inventory and to cost of goods sold using a specific identification, (b) weighted average, FIFO, and (LIFO Complete this questions by entering your answers in the below tabs. Weighted Specified FITO UFO Average Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decimal places) PO 1 2 of 2 Next > Seved Holp Save & Exit Submit Exercise Questions Check my work Required information FIFO, and UFO Complete this questions by entering your answers in the below tabs. Specificid Weighted Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using weighted average (Round cost per unit to 2 decimal places) Average Cost Cost of Goods Available for Sale Average Cost of Goods of units Cost per Available for unit Sale 175 3 1.750 of units Coolper Cost of Goods Sold Average Cost of Unit Goods Sold Ending Inventory #of units Average Ending in ending inwentory Inventory Cort per sold Beginning inventory Purchase Jan 20 Jan 30 Tocal 130 275 580 1,170 2,200 6.120 $ $ 0 Proy 1 2 of 2!! Next > Tube M Omall Help Sav Saved apter 5 Exercise Questions 1 Required information FIFO, and (LIFO Part 1 of 2 Complete this questions by entering your answers in the below tabs. 1 points Specific to Weighted Average FIFO UFO 300 Determine the cost assigned to ending Inventory and to cost of goods sold using FIFO. c) FIFO Cost of Goods Available for Sale Cost of Goods # of units unit Sale 175 10.00 $ 1.750 Ruences Cost per Available for Cost of Goods Sold of units Cost per Cost of sold unit Goods Sold Ending Inventory # of units Cost in ending Ending Inventory per unit Inventory Beginning inventory Purchases Jan 20 Jan 30 Total 130 9.00 8.00 275 580 1,170 2,200 5.120 $ 0 0 $ 0 M AN Proy 1 2 of 2 Next > ter 5 Exercise Questions Sved Help Save & Exit Su Check my we 1 Required information FIFO, and (d) UFO Complete this questions by entering your answers in the below tabs. Specific la Weighted Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using UFO. al LIFO Cool of Goods Available for sale Coat of Goods Available for und Sale 175 10.00 $ 1.750 of units Cost per Cost of Goods Sold of units Cost per Cost of sold unit Goods Sold Ending Inventory Wof units Cost in ending Ending Inventory per unit Inventory Beginning inventory Purchases 150 9.00 800 Jan. 30 Total 275 50 1,1701 2,200 5,120 0 0 0 5 0 FIFO Prey 1 2 of 2 Next >
