Check my work wwwy w Europiayu EU Laker Company reported the following January purchases and sales data for its only product Date Activities Jan. 1 beginning Inventory Jan. 10 sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals Units equired at Coet 225 unital $15.00 - $ 3,375 180 units. 514.00 - 2,520 350 units $13.50 - 4,725 755 units $10,620 Units sold at Retail 175 units $24.00 210 units $24.00 385 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 370 units, where 350 are from the January 30 purchase. 5 are from the January 20 purchase, and 15 are from beginning inventory onces 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. Complete this question by entering your answers in the tabs below. Required 1 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 decimal places) Specific Identification Available for Sale Cost of Goods Sold Ending Inventory 18 Next complete this question by entering you Required 1 Required 2 Required 3 Required 4 Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. (Round places) Specific Identification Available for Salo Cost of Goods Sold Ending Inventory Ending Ending Unit Units Cost Per Purchase Date Activity Units Unit Cost COGS Inventory Inventory Cost Sold Unit Units Cost Jan. 1 Beginning inventory 225 $ 15.00 Jan. 20 Purchase 180 $ 14.00 Jan. 30 Purchase 350 $ 13,50 0 755 $ 0 $ 0 0 0 (Required 1 Required 2 > Required 1 Requited 2 Required 3 Required 4 Determine the cost assigned to ending Inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decimal places.) Weighted Average - Perpetual: Goods Purchased Cost of Goods Sold Inventory Balance # of # of Cost per Cost per cost of Goods Cost per Date units unit Inventory units # of units unit unit Balance sold January 1 225 @ $ 15.00 $ 3.375.00 January 10 January 20 Sold Average cost January 25 January 30 Totals Perpetual FIFO: Goods Purchased W of Cost per units unit Date Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Inventory Balance Cost per # of units Inventory unit Balance $15.00 $ 3,375 00 225 January 1 January 10 January 20 January 25 January 30 Totals Determine the cost assigned to ending Inventory and to cost of goods sold using LIFO. (Round cost per unit to 2 decimal places.) Perpetual LIFO Goods Purchased Cost of Goods Sold Inventory Balance Date # of Cost per # of units Cost per Cost of Goods Cost per Inventory units sold unit #of units unit Balance January 1 225 $ 15.00 - $ 3,375.00 January 10 January 20 unit Sold January 25 January 30 Totals
