ex/mspindex.html/.coneconhe mal, browner-06)aurs 253A%252F%252Fmeducation.com%252Fmigh Chapters 4 & 5 online homework class 5- 3 3334 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 180 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory Skipped Date January 1 Activities Beginning inventory January 10 Sales January 20 ebook January 25 January 30 Purchase Sales Purchase Totals H 1+ References 140 units Units Acquired at Cost 56.00- 5840 100 units Units sold at Retail 8535 60 units 180 units 300 units #$5.00- 0 $ 4.50- 300 units 8 335 10 $1,950 180 units 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. Complete this question by entering your answers in the tabs below. Weighted Specific Id Average FIFO LIFO Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. Specific Identification Available for Sale Cost of Goods Sold Ending loventory Purchase Date #of Activity #of units Cost Per units Unit sold Cost Per Unit Ending COGS Inventory Units Cost P Unit Ending Inventory Cont January 1 Beginning inventory 140 January 201 Purchase 60 January 30 Purchase 180 380 0 0 $ Weighted Average > 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 180 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning Inventory Date January 11 January 10 January 201 Activities Beginning inventory Sales January 25 January 30 Purchase Sales Purchase Totals Required: 140 units Units Acquired at Cost 16.00- Units sold at Retall 540 100 units 8 $15 60 units 55.00- 300 80 units 85 15 180 units 380 units $4.50- 810 $1,950 180 units 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 weighted average. (Round cost per unit to 2 decimal places.) Weighted Average Perpetual Goods Purchased Cost of Goods Sold Dete of units Cost per unit #of units sold Cost per Cost of Goods of units unit Sold Inventory Balance Cost per unit Inventory Balance January 11 140 at $ 6.00 $840.00 January 10 January 201 Average cost January 201 January 25 January 30 Totals FIFO 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 180 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory Date January 1 January 10 January 20 Activities Beginning inventory Sales January 25 January 30 Purchase Sales Purchase Totals Required: 140 units Units Acquiend at Cost $6.00 Units sold at Retail $840 100 units 60 units $5.00 300 80 units 85 15 #5 15 180 units 300 units $4.50 810 $1,950 180 units 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 FIFO. Perpetual FIFO Goods Purchased 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 1 140 at $6.00 5 840.00 January 10 January 201 Total January 20 January 25 Total January 25 January 30 Totals > 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 180 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory Date January 1 Activities Beginning inventory January 201 January 201 January 25 January 30 Sales Purchase Sales Purchase Totals Required: 140 units Units Acquired at Cost $6.00 Units sold at Retall $540 200 units 8525 60 units $5.00- 300 80 units 85 25 100 units 380 units #54.50- 810 $1,950 150 units 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. Specific Id Weighted Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. Goods Purchased Perpetual LIED Cost of Goods Sold Dale #of units Cost per unit of units sold Cost per Cost of Goods unit Sold of units Inventory Balance Cost per ventory unit Balance 140 at January 1 $600 $840.00 January 10 January 20 Total January 20 January 25 Total January 25 January 30 Total