Check 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 Activities Units Acquired at Cost Units sold at Retan Jan. 1 Beginning inventory 145 units $7.00 - $1,015 Jan. 10 Sales 185 units @ $16.00 Jan. 20 Purchase 70 unitse $6.00 - Jan. 25 Sales 85 units @ $16.00 Jan. 30 Purchase 190 units $5.50 - 1,045 Totals $2,480 190 units Date 420 405 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. 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. cost of goods sold using LIFO. 2.5 points Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 eBook Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. (Round Co places.) Specific Identification Hint Available for Sale Cost of Goods Sold Purchase Date Activity Unit Cost Units Ending Inventory Ending Cost Per Ending Inventory Inventory Units Unit Cost Units Sold Unit Cost COGS Print 145 Jan 1 Jan 20 Beginning inventory Purchase References Jan. 30 Purchase 70 190 405 Required 2 > Mc Graw Hill 3. Vetermine 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 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: Cest of Goods Sold Goods Purchased Inventory Balance Cost per Date #of units of units sold Cost per Cost of Goods unit Sold # of units Cost per unit Inventory Balance unit 145 $ 7.00 $ 1,015.00 January 1 January 10 January 20 Average cost January 25 January 30 Totals G 2 3 of 8 MacBook Air $ DER 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 Requird 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.) Perpetual FIFO: Goods Purchased Cost of Goods Sold Cost per Inventory Balance Cost per Cost per Date # of units of units sold Cost of Goods Sold of units Inventory Balance unit unit unit January 1 145 @ $ 7.00 - $ 1,015.00 January 10 January 20 January 25 January 30 of 8 MacBook Air 4. Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. using FIFO, Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 ok 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: ant Goods Purchased #of Cost per units unit Cost of Goods Sold of units Cost per Cost of Goods sold unit Sold Inventory Balance Cost per Inventory #of units unit Balance Date January 1 145 $ 7.00 - $ 1,015 00 int January 10 ences January 20 January 25 January 30 Totals of 8 Next > Mc Graw Hill 3. Vetermine 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 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: Cest of Goods Sold Goods Purchased Inventory Balance Cost per Date #of units of units sold Cost per Cost of Goods unit Sold # of units Cost per unit Inventory Balance unit 145 $ 7.00 $ 1,015.00 January 1 January 10 January 20 Average cost January 25 January 30 Totals G 2 3 of 8 MacBook Air $ DER 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 Requird 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.) Perpetual FIFO: Goods Purchased Cost of Goods Sold Cost per Inventory Balance Cost per Cost per Date # of units of units sold Cost of Goods Sold of units Inventory Balance unit unit unit January 1 145 @ $ 7.00 - $ 1,015.00 January 10 January 20 January 25 January 30 of 8 MacBook Air 4. Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. using FIFO, Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 ok 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: ant Goods Purchased #of Cost per units unit Cost of Goods Sold of units Cost per Cost of Goods sold unit Sold Inventory Balance Cost per Inventory #of units unit Balance Date January 1 145 $ 7.00 - $ 1,015 00 int January 10 ences January 20 January 25 January 30 Totals of 8 Next >