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Help Save & Exit Sub Required Information 2. The following information applies to the questions displayed below. Laker Company reported the following January purchases and

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Help Save & Exit Sub Required Information 2. 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 355 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. Part 1 of 2 Activities Beginning inventory Units Acquired at Cost 215 units @ $ 14.00 $ 3,010 Units sold at Retail Date January 1 January 10 January 20 January 25 January 30 02:25:02 Sales Purchase Sales Purchase 160 units $ 13.00 165 units $ 23.00 2,080 190 units $23.00 Totals 355 units @ $11.00 730 units 3,905 5 8,095 355 units Required: 1. Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification 2. Determine the cost assigned to ending Inventory and to cost of goods sold using weighted average. 3. Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. 4. Determine the cost assigned to endinni Women 2 Specniche Weighted Average LIFO Part 2 8.00 Complete the table to determine the most signed to ending intory and cost of goods wing space Spedic Identification Cod Grade Sud Purchase Endere Naty Unit sold CPU January Blogger 215 Janiny 20 Purchase Jay 30 Purch 356 730 of CP COGS Coupons Lading Weighted Average > Hill of 2 Weighted Average - Perpetual Cost of Goods Sold Goods Purchased Inventory Band Date Cost pe Cost per Marunits of units sold Cost of Goods Sold Cost per unit of units unit 22425 unit Inventory Balance 215$ 14.00 $ 3,010 00 January 1 | 10 January 20 Average cost January 20 January 25 January 30 Totals 2 Dato Dost Unit Hof units sold Cost per Cost of Goods Sold unit Wount January 1 Cost per uni Inchiory Balance $ 1400 = $ 3,010 00 1 of 2 215 at January 10 January 20 2:24:03 Total January 20 January 25 Total January 25 Jarwy 30 Totals

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