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Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Complete the table to determine the
Complete this question by entering your answers in the tabs below. 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 cost per unit to 2 decim- places) Specific Identification Available for Sale Purchase Data Activity Units Unit Cost Cost of Goods Sold Units Sold Unit Cost COGS Ending Inventory Ending Ending Inventory Cost Per Inventory Unit Units Cast 0 $ Jan, 1 Jan 20 Jan 30 Beginning inventory Purchase Purchase 230 190 360 780 180 220 $ 0 400 $ 0 $ 0 Required 2 > Required information [The following information applies to the questions displayed below) Loker Company reported the following January purchases and sales data for its only product. Date Activities Units Acquired at Coat Units sold at Retail Jan. 1 Beginning inventory 230 units $15.50 - $ 3,565 Jan. 10 Sales 180 units $24.50 Jan. 20 Purchase 190 unitse $14.50 - 2,755 Jan. 25 Sales 220 units $24.50 Jan. 30 Purchase 360 units $14.00 5,040 Totals 780 units $11, 360 400 unita The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 380 units, where 360 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 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
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