Exercise 5-3 Perpetual: Inventory coating methods LO P1

1.complete the table to determine cost assigned to ending inventory and cost 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 usin FIFO

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

Ch 05 Ex 5-3 6 Help Save & Exit Submit Check my weork 1 Use the following information for the Exercises below. The following information applies to the questions displayed below.] Laker Company reported the following January purchases and sales data for its only product. 28 sold at Retail 150 unitse $16.00 ginning inventory 190 unitse $7.00 $1,330 Jan. 10 Sales Jan. 20 Purchase 110 unte 6.00660 280 unitse $5.50-1.54 580 units Jan. 30 Purchase Totals $3,530 280 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 300 units, where 280 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning Exercise 5-3 Perpetual: Inventory costing methods LO P Required: 1. Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. e the cost assigned to ending inventory and to cost of goods sold using weighted average. 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 questions by entering your answers in the below tabs. 5 Ex 5-3 Help Save& Exit Required information Complete this questions by entering your answers in the below tabs. Required 1Required 2 Required 3 Required 4 Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. t of Ending Unit Units Unit Cost COGS Inventory- Unit Date Units Cost Sold 190 7.00 110 6.00 280 5.50 580 Jan. 20 Jan. 30 Determine the cost assigned to ending in and to cost of goods sold u #of #of unit unit Sold unit 190S 7.00 $1,330.00 28 FIFO: #of Date #Of units Cost per 190 7.00$ 1,330.00 20 Prev 1 of 1 # of units 190 7.00$ 1,330.00 25 30