Save a 1 Required Information Use the following information for the Exercises 3-7 below. (Algo) The following information applies to the questions displayed belom Lake Company reported the following January purchases and sales data for its only product. The Company uses a perpetua inventory system for specific identification, ending inventory consists of 210 units from the January 30 purchase. Sunt from the January 20 purchase, and 30 units from beginning inventory January ning etery hinged Italia Jaya 15550.000,00 115. 1.0 duary 20 2 Jay Durham 20.30- 10 Exercise 6-3 (Algo) Perpetuat: Inventory costing methods LO P1 Required: 1. Complete the table to determine the cost assigned to ending inventory and cost of goods sold using socific 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 PFO 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. Prey 10 Next > Save an Subm 1 Required information 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. 00:00 Species FIFO LIFO Average Complete the table to determine the cost signed to ending inventory and cost of goods sold using specific identication Spec Identification Avalise for Sale Cost of Goods Ending Inventory Purchase Date Activity of unit Cost Endling ents Cost Per Unt coas Unit sold Inventory Ending Cost Per UM nie Inventory wy Begin 156 Juay 20 Purtroue 50 January 20 210 56 Weighted Average Prey 1 or 10 Next > Required information Complete this question by entering your answers in the tabs below. Specific d Weighted Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cont per unit to 2 decimal places) Weighted Average - Perpetual: Goods Purchasest Cost of Goods Sold Inventory Balance Date Cost per of units Cost per # of units Cost of Goods unt sold Sold of units Cost per unit Inventory tlalance January 1 155 $ 8:00 - 1.240.00 January 10 January 20 Average cost January 20 January 25 January 30 Totals euromotion 1 Determine the cost assigned to ending inventory and to cost of goods sold using Fro. De Doods Purchased Cest per # of units Perpetual FFD Corte Goods Sold of units Cost per Cost of Goode Sold Inventory Balance Cost per Inventory Balance Bold 00:47:49 January 1 156 $ 8.00 1.240.00 January 10 January 20 Total January 20 January 25 Total January 25 January 30 Totals Weighted Average UFO Required information Determine the cost assigned to ending inventary and to cost of goods sold using LIFO. Perpetual Geode Purchased Cost of Goods Sold DAH Cost per af units of units Cost per cost of Goods unit sold Sold of lans January 1 155 entory Balance Cost per intory Balance $ 8.00 5 1.240,00 January to January 20 Total January 20 January 25 Total January 25 January 30 Total (FIFO 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 perpetuat inventory system. For specific identification, ending inventory consists of 210 units from the January 30 purchase, 5 units from the January 20 purchase, and 30 units from beginning inventory Date Activities Units Acquired at Cout Units moat Retail January 1 Beginning inventory 155 unita$ 0.00 $ 1.240 January 10 Sales 515 units $ 17.00 January 20 Purchase 90 unita $ 7.00 - 630 January 25 Sales 95 units $ 17.00 January 30 Purchase 210 units. 36.50 1365 Totale 455 unit $ 3.235 210 unit 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 cast assigned to ending Inventory and to cost of goods sold using LIFO Complete this question by entering your answers in the tabs below. Specific ld Weighted Average FIFO LIFO Complete the table to determine the cost assigned to ending Inventory and cost of goods sold using specific identification Specifis Identification Cost of Goods Sold Available for Sale Purchase Date Activity #of units Cost Per Unit Ending Inventory Cost Per Unit Ending Inventory. Cost # of units sold Cost Per Unit Ending Inventory Units cogs 156 January 1 January 20 January 30 Beginning inventory Purchase Purchase 90 210 455 $ 0 0 $ 0 Weighted Average > Specific Id Weighted Average FIPO 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 of unit. Cost per of units Cost per Cost of Goods unit sold unit Sold Inventory Balance Date # of units Cost per unit Inventory Balance 155 at $ 8.00 $ 1.240.00 January 1 January 10 January 20 Average cost January 20 January 25 January 30 Totais Calendar Determine the cost assigned to ending inventory and to cost of goods sold using FIFO, Date Geods. Prechased etunit Cost per of units unt sold Perpetual Cost of Goods Sold Cost per cost of Goods unit Sold Inventory Balance of its Cost per inventory Balance 156 at $ 8.00 - $ 1.240.00 30 January 1 ay 10 January 20 Total January 20 January 25 Total January 25 ry 30 Totals
