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its a 4 part question (Ch, 4-6) 30 14th & N3 Summer 2022 ! seequirea mormation The following information applies to the questions displayed below]
its a 4 part question
(Ch, 4-6) 30 14th & N3 Summer 2022 ! seequirea mormation 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 190 units from the January 30 purchase, 5 units from the January 20 purchase, and 20 units from beginning inventory A Date January 1 January 18 Jeruary 20 @- Q January 25 January 30 3. Determine the cost assigned to ending invertory 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 antaring your answers in the tabe below. Lay 7 82 wted ge Activities Beginning inventory Sales Purchase Sales Purchase Totals 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 #2 ezto mheducation.com Apple Dining Comma Vilage Cage Dashband The Economisas & Finance The Genealog ACMS Chapter 6 Homework-Connect W S Punta > FRO Corte de the cost assigned to ending inventory and coat of goods song sorofcidere Peppe Aivity 43 90 " LU E D 54 LOFO C $ 141 Onits Acquired at cont 145 @ 17.06 $1,015 70 units 6.00 420 $5.50 1,045 $2,488 M 1000 C 405 units d: R 20 Cech FL *5 % V .: le T Y U Ending 2 1.16.00 $16.00 .00 8 8: Evding vemory: Com ( 9 1 G H J K S Do g 1 0 0 V F L P V .. mess 1A Sec DN2 & EN3 Summer 2022 -6) #t Date Activities January 1 Beginning inventory January 18 Sales January 201 January 25 January 30 Specific 10 January 10 Complete this question by entering your answers in the tabs below. Aary 30 Tues Purchase Sales January 20 Average cost Jaiary 20 January 25 @2 Purchase Totals 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. 2 Weighted Average * F2 ezto.mheducation.com Apple Dining Commo Village Caf Google Dashboard The Economis.ss & Finance The General call M Chapter 5 Homework-Connect Fo 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-Perpetua Cost of Goods Sold #3 Good Purchased of units 80 F3 Coat per unit 54 $ Units Acquired at Cost 145 units @ $7.00- 70 units @ 5 6.00 = $5.50 190 units e 405 units LIFO 4 of units sold di Cost per Cost of Goods unit Sold de 5 " 44 ventory Balance 7.00-$ 1,015.00 8 Dil FR 9 4 DD 19 s 14 Sec EN2 & EN3 Summer 2022 4-60 #1 Specific Id Complete this question by entering your answers in the tabs below. 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 Date January 1 January 10 January 20 Total January 20 Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. Perpetual FIFO Cost of Goods Sold January 25 January 25 January 30 @2 TWINK * * F2 Weighted Average FIFO Goods Purchased #uf units #3 Apple Dining Commo Village Cafe Google Dashboard The Economisss & Finance The General ca Chapter 6 Homework-Connect 80 F3 Cost per unit LIFO #of units Gold $ 4 q F4 Cost per Cost of Goods Sold unit % 5 8 E F7 a DII FN O 8 F9 es 1A Sec EN2 & EN3 Summer 2022 5) Complete this question by entering your answers in the tabs below. Specific d 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. Date January 1 January 10 1 January 20 Total January 20 Determine the cost assigned to ending inventory and to cost of goods sold using LIFO Perpetual LIFO Cost of Goods Sold January 25 Total January 25 January 30 * Weighted Average F2 FIFO Goods Purchased of units Cost per unit 9.0 F3 LIFO #of units sold Mare d F4 Google Dashboard The Economists & Finance The Chapter 6 Homework- Connect FS Cost per Cost of Goods unit Sold 8 $7 Step by Step Solution
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