Determine the cost assigned to ending inventory and to cost of goods sold using weighted average.

Note: Round cost per unit to $2$ decimal places.

$\backslash$table$[[$Weighted Average $-$ Perpetual:$],[$Date$,$Goods Purchased,Cost of Goods Sold,Inventory Balance$],[$# of units,$\backslash$table$[[$Cost per$],[$unit$]],\backslash$table$[[\backslash$table$[[$# of units$],[$sold$]]]],\backslash$table$[[$Cost per$],[$unit$]],\backslash$table$[[$Cost of Goods$],[$Sold$]],$# of units,Cost per unit,Inventory Balance$],[$January $1,,,,,,230,$at$,15\mathrm{.}50,=,$$$,3,565\mathrm{.}00],[$January $10],[$January $20],[,,,,,,,,,,,],[$Average cost January $20],[$January $25],[$January $30],[],[$Totals$,,,,,,,,,,,]]$ Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. Determine the cost assigned to ending inventory and to cost of goods sold using weighted average.

Determine the cost assigned to ending inventory and to cost of goods sold using FIFO.

$\backslash$table$[[$Perpetual FIFO:$],[$Date$,$Goods Purchased,Cost of Goods Sold,Inventory Balance$],[$# of units,$\backslash$table$[[$Cost per$],[$unit$]],\backslash$table$[[$# of units$],[$sold$]],\backslash$table$[[$Cost per$],[$unit$]],\backslash$table$[[$Cost of Goods$],[$Sold$]],$# of units,$\backslash$table$[[\backslash$table$[[\backslash$table$[[$Cost per$],[$unit$]]],[$$$15\mathrm{.}50]]]],$Inventory Balance$],[$January $1,,,,230,$at$,=,$$$,3,565\mathrm{.}00],[$January $10],[$January $20],[$Total January $20],[,,,,,,,,,,,],[$January $25],[$Total January $25],[,,,,,,,,,,,],[$January $30],[$Totals$,,,,,,,,,,,]]$

LIFO

Specific

Identification

Weighted

Average

FIFO

LIFO

Determine the cost assigned to ending inventory and to cost of goods sold using weighted average.

Note: Round cost per unit to $2$ decimal places.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. For specific identification,

ending inventory consists of $400$ units from the January $30$ purchase, $5$ units from the January $20$ purchase, and $15$ units

from beginning inventory.

Assume the perpetual inventory system is used.

Required:

Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification.

Determine the cost assigned to ending inventory and to cost of goods sold using weighted average.

Determine the cost assigned to ending inventory and to cost of goods sold using FIFO.

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

Identification

Weighted

Average

FIFO

Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification.