Laker Company reported the following January purchases and sales data for its only product. The Company uses a periodic inventory system For specific identification, ending inventory consists of 420 units, where 400 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory Date Activities Units Acquired at Cost Units sold at Real Jan. 1 Beginning inventory 230 units@ $15.50 - $ 3,565 Jan. 10 Sales 180 units $24.50 Jan. 20 Purchase 190 units@ $14.50 Jan. 25 Sales 220 units $24.58 Jan. 30 Purchase 400 units@ $14.00 5,600 Totats 820 units $11.920 400 units 2.755 Required: Determine the cost assigned to ending inventory and to cost of goods sold using a specific identification, weighted average, (FIFO, and (LIFO Complete this questions by entering your answers in the below tabs. FIFO LIFO Weighted Average Specific id Determine the cost assigned to ending inventory and to cost of goods sold using specific identification. For specific identification, en 420 units, where 400 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory Ending Inventory oral Cost of Goods Bold Specificid Weighted Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using specific identification for specific identification, 420 units, where 400 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 ore from beginning inventory A) Specific Identification Cost of Goods Sold Cost of Goods Available for Sale Cost of Goods Cost per #of units Available for unit Sale #of units Cost per sold unit Cost of Goods Sold Ending inventory of units Cost Ending In ending per unit imatory inventory Beginning inventory Purchases Jan 20 Jan 30 Total Weighted Average) Next > 1 2 of 2 !!! Prev 4 Specific la Weighted Average FIFO LIFO Determine the cast assigned to ending inventory and to cost of goods sold using weighted average (Round cost per un to 2 cm b) Average Cost Cost of Goods Available for Bale Average Cost of Goods # of units Cost per Available for unit Sale of units Average Cost of Goods Gold Cost per Cost of sold Unit Engine of units Average Cost per inventory Ending Goods Soldanding Beginning inventory Purchases Jan 20 Jan 30 $ Total FO>
Prev 1 2 3 A tv ON Specificid Welighted Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using FIFO c) FIFO Cost of Goods Available for Sale Cost of Goods #of units Cost per Available for unit Sale Cost of Goods Sold #of units Cost per Cost of sold unit Goods Sold Ending of units Cou In ending Inventory per un ances Endo Beginning inventory Purchases Jan. 20 Jan 30 Total $ 0 LO > UD 1 2 of 2 Prev QA 100 ce stv Specificid Weighted Average PIPO UFO Determine the cost assigned to ending inventory and to cost of goods sold using uro Him an Liro Cost of Goods Avaliable for sale Cost per Cost of Goods of units Available for uni Sale Cost of Goods Sold of units Cost per Couto una Goods Sold Ending of Cost Endine in ending porno References Beginning inventory Purchase Jan 20 Jan. 30 Total o (FO Next > 1 of 2 Prev 9 MC HHI A Graw ctv 13
