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Laker Company reported the following January purchases and sales data for its only product. hits Unita Aged Coat Units sold at Retail Jan. 1 Beginning
Laker Company reported the following January purchases and sales data for its only product. hits Unita Aged Coat Units sold at Retail Jan. 1 Beginning inventory 200 unitat $12.50 - $2,500 Jan 10 Sales 160 units. $21.50 Jan. 20 Phase 130 units $11.50 - 1,495 140 units. $21.50 Jan. 30 Purchase 300 units $11.00 - 12.00 630 unite $7,295 300 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 330 units, where 300 are from the January 20 purchase. 5 are from the January 20 purchase, and 25 are from beginning inventory Exercise 6-3 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 questions by entering your answers in the below tabs. Requye Required 2 Required 3 Required 4 Deter Required 1 signed to ending inventory and to cost of goods sold using weighted average (Round cost per unit to 2 decimal places) Weighted Average. Perpetual nedensed Cost of Google Bold Inventory Balance Cest per . Cost of Coolper Inventory Date of unit Goods Bold Balance sold January 1 200 G 5 12.50 2.500.00 Coal per
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