ent Svo Required information Use the following information for the Exercises 3-7 below. (Algo) (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 290 units from the January 30 purchase 5 units from the January 20 purchase, and 20 units from beginning inventory. Date Activities Units Acquired at Cost Units sold at Retail January 1 Beginning inventory 195 units $ 2,340 January 10 January 20 Purchase 120 units January 25 Sales $ 21.00 January 30 Purchase e $ 10.50 Totals $ 6,205 290 units $ 12.00 - Sales 155 units $ 21.00 $11.00 - 1,320 135 units 3,845 200 units 5e5 units Exercise 6-3 (Algo) Perpetual: Inventory costing methods LO P1 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 UFO. Complete this question by entering your answers in the tabs below. Specificid Weighted Average FIO LIFO Complete the table to determine the cost assigned to ending Inventory and cost of goods sold using specific Identification Specific identification More La Geldi Endinn 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. Specificid Weighted FO Average UFO Complete the table to determine the contained to ending inventory and cont of good old wing of identification Specified Custofa Egy they Co Costel COGS Coruna Coding by Co January 1 Begy 195 July 20 Purchase 120 January 30 Purchase 290 GOS 9 Weighted Average O i Complete this question by entering your answers in the tabs below. Specific d Weighted Average HIFO FO Determine the contained to ending inventory and to cost of goods solduring wighted average Cound cost per unit to 2 decimal WA Good the Contor Goods Sol my Cof Coupe of Cost Code unt Sold Conventory lane January 1955 1200 234000 Lay 10 Sny 20 Averty20 January 25 o FIFO UFO Specific ld Weighted Average Determine the cost assigned to ending inventory alto cost of goods sold using HFO Cors Conturiods Sold of units Cont per Cost of Goods Sold unt Sold Goodsuche Costel Date Tory Balance Lan Inventory balance Wout January 1 196 $ 12.00 - $ 23000 January 10 January 20 Total January 20 January 25 Total January 25 January 30 To Complete this question by entering your answers in the tabs below Specific Id Weighted Average FIFO LIFO Determine the cost ansigned to ending inventory anleito cost of goods sold using IF Goods cand COMP BLIO Cost of Goods Sold Cost per con Goods Sold wo so Balanc Conte mit 195 $12.00 y Balance 238000 January 1 January 10 January 20 Total January 20 January 25 Total January 25 January 30 Total
