Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It dog 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 Jan. Activities 1 Beginning inventory Units acquired at Cost 145 units $7.00 $1,015 Units sold at Retail 105 units $16.00 70 units $6.00 - 420 85 units $16.00 190 units 55.50 - 1,045 190 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 215 units, where 190 are from the January 30 purchase, 5 are from the January 20 purchase, and 20 are from beginning inventory Exercise 5-3 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 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 Answer is not complete. Complete this question by entering your answers in the tabs below. Red Red Ruined Bened 4 Prex 1 of 1 Next > DL Exercise 5-3 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 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 Answer is not complete Complete this question by entering your answers in the tabs below. Required Required 2 Required) Required Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification (Round cost per unit to 2 decim Ending Inventory COGS Proy 1 of 1 Ned DELL Answer is not complete. Complete this question by entering your answers in the tabs below. Required Required 2 Required 3 Required 4 Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. (Round cost per unit to 2 decimal places.) Pepe Goods Purchased Cost of Goods Sold ons Cost Cost of Goods Sold January 1 145 @ $ 700 - Prev 1 of 1 Nord DELL Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Determine the cost assigned to ending Inventory and to cost of goods sold using LIFO. (Round cost per unit to 2 decimal places.) Perpetual LEO: Cost of Goods Sold entory Balance #ounts sold Date Inventory Cost of Goods Sold per of units per January 1 145 $ 700 - 1 015 00 January 10 105 @ $700 - 573500 40 @ $ 7.00 = January 20 70 le 40 70 @ @ $700 600 $ 200 00 28000 2000 $ 700 00 20 X 14000 20 @ S 140.00 700 5600 $ 700 $ 600 $ 10.00 517000 1550 5700 5600 1.045 00 1 215.00 (Required 3 Prey 1 of 1 Next DOLL
