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im stuck on the january 25 slots Laker Company reported the following January purchases and sales data for its only product. Date Activities Units Acquired

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Laker Company reported the following January purchases and sales data for its only product. Date Activities Units Acquired at Cost Units sold at Retail Jan. 1 Beginning inventory 180 unitse $10.50 = $1,890 Jan. 10 Sales 140 units @ $19.50 Jan. 20 Purchase 110 unitse $ 9.10 - 1,045 Jan. 25 Sales 130 units @ $19.50 Jan. 30 Purchase 260 units@ $ 9.00 = 2,340 Totals 550 units $5,275 270 units Required 1 Required 2 Required 3 Required 4 Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. Perpetual LIFO Goods Purchased #of units unit Cost per Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Cost per Date Inventory Balance Inventory # of units unit Balance $ 180 @ $10.50 = 1,890.00 January 1 January 10 140 @ $10.50 $ 1.470.00 40 @ $ 10.50 = $ 420.00 January 20 110 @ $ 9.50 $ 420.00 401 @ $ 10.50 = 110 @ $ 9.50 - 1,045.00 $ 1,465.00 January 25 $ $ 10.50 $ 9.50 $ 0.00 380.00 $ 380.00 e $10.50 = $ 9.50 = January 30 Totals

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