Four part question:

Secific ID

Weighted Average

FIFO

LIFO

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 300 units from the January 30 purchase, 5 units from the January 20 purchase, and 25 units from beginning inventory Activities Units Acquired at Cost Units sold at Retail January 1 Beginning inventory 200 units @ $ 12.50 - $ 2,500 January 10 Sales 160 units @ January 2e Purchase 130 units @ $11.50 - January 25 Sales January 30 Purchase 300 unitse $11.00 - Totals 630 units $ 7,295 300 units Date $21.50 1,495 140 units $21.50 3,300 ercise 6-3 (Alao) Perpetual: Inventorv costing methods LO P1 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 LIFO. Complete this question by entering your answers in the tabs below. Specific to Weighted 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 Inventory k. Inventories - FIFO, LIFO, Ave C 6 Saved Help Save & Exit Sut Check my wor Required information Specific Id Weighted 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 Inventory Purchase Date Ending Activity Cost Per W of units of units Cost Per Unit COGS Inventory Cost Per Unit sold Ending Unit Units Inventory. Cost January 1 Beginning inventory 200 $ 1250 January 20 Purchase 130$ 1150 January 30 Purchase 300 $ 1100 630 0 5 0 $ 0 0 Weighted Average | hp Check Required information 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 Inventory Balance Date # of units Cost per # of units Cost of Goods unit sold of units Cost per unit unit Sold Inventory Balance January 1 200 at $ 1250 = 5 2.500.00 January 10 Cost per January 20 Average cost January 20 January 25 January 30 Totals hp Specific Id Weighted FIFO LIFO Average Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. Perpetual FIFO Goods Purchased Cost of Goods Sold Inventory Balance Date # of units # of units Cost per Cost of Goods Cost per unit sold # of units unit Sold unit Inventory Balance January 1 200 at $ 12,50 = $ 2.500.00 January 10 Cost per January 20 Total January 20 January 10 January 20 Total January 20 January 25 Total January 25 January 30 Totals