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Complete this question by entering your answers in the tabs below. Specific Id Weighted Average FIFO LIFO Determine the cost assigned to ending inventory and

Complete this question by entering your answers in the tabs below. Specific Id Weighted Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. Goods Purchased Perpetual FIFO: Cost of Goods Sold Inventory Balance Date # of units Cost per unit # of units sold Cost per unit Cost of Goods Sold # of units Cost per Inventory Balance unit January 1 225 at $15.00 3,375.00 t January 10 $15.00 $ 0.00 0 $15.00 180 at $14.00 Oat $15.00 ces January 201 20 at $14.00- 280.00 Total January 20 $ 280.00 at $15.00 N $ 0.00 0 at $15.00 January 25 160 at $14.00 2,240.00 20 at $14.00 $ 280.00 Total January 25 $ 2.240.00 $ 280.00 385 at $12.00 January 30 O at 20 at 385 at $15.00 $14.00 = $12.00 = 280.00 4,620.00 Totals $ 2,240.00 $ 4,900.00 Weighted Average LIFO > 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 perpetual inventory system. For specific identification, ending inventory consists of 385 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. Date January 1 January 10 Activities Beginning inventory January 20 January 25 January 30 Sales Purchase Sales Purchase Totals Required: Units Acquired at Cost 225 units @ $ 15.00= 180 units @ $ 14.00 = 385 units $ 12.00- 790 units Units sold at Retail $ 3,375 175 units $ 24.00 2,520 210 units @ $24.00 4,620 $ 10,515 385 units S 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. Specific Id Weighted Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. Goods Purchased Perpetual LIFO: Cost of Goods Sold Date # of units Cost per unit # of units sold Cost per Cost of Goods unit Sold # of units Inventory Balance Cost per unit Inventory Balance January 1 225 at $15.00 = $ 3,375.00 January 10 January 20 Total January 20 January 25 Total January 25 January 30 Totals

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