Laker Company reported the following January purchases and sales data for its only product Units Acquired at Cost 160 units@ $8.50 - $1,360 Units sold at Metall 120 units $17.50 Date Activities Jan. 1 Beginning Inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals 100 units $7.50 750 120 units @ $17.50 220 units $7.00 480 units 1.540 200 units The Company uses a perpetual Inventory system. For specific identification, ending Inventory consists of 240 units, where 220 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 ore from beginning inventory 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 question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification (Round cost per unit to places Complete this question by entering youwers in the abse Heque Rared2 3 a 2:41 Cote the table to determine the cost signed to ending investory cont of goods sed etilication Concorde place.) Specific Identification was for Custooteid PurchasDate Un tinin Activity Units COGS Unt Com Coute Bold coat Jant Beginning inventory 150 20 Phase 1001 Jan 30 Parch 220 400 0 3 Required 2 > 3 Milydowy o + EP - to search or by entering your wer in the tabs below 125 Med Determine the cost od to ding way to cost of goods sold water wage (Hound cost per un tot Weitere Perpetual Custood In w Colper Cost of the sold unt Sold nary 1000 LB 1000 Lanayo 20 Cost 19 1 www. MY January 30 Me GI Tye here to search 10" Molly duty o Required 1 Required 2 Required 3 Required 4 Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. Round cost per unit to 2 decimal places.) Perpetual FIFO: 3.12.10 Good lurchased of units unt Cost per Cont of Goods Sold of units Cost per Cost of Goods sold unit Sold ok #ofun Cost per unit Inventory Balance January 1 100 5 850) $1,300.00 1 January 10 ces January 20 January 25 January 30 Totals 43F Mostly search o O Required 1 Required 2 Required 3 Required 4 Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. (Round cost per unit to 2 decimal places) Perpetual LIFO 02.12.08 Goods Purchased of cost per units Cont of Goods Sold of units Cost per Cost of Goods sold unit Sold Date of units cont per Inventory Balance 5 1,350.00 January 1 100 $ 8.50 January 10 January 20 anuary 25 January 30 Totals to search o etc Laker Company reported the following January purchases and sales data for its only product Units Acquired at Cost 160 units@ $8.50 - $1,360 Units sold at Metall 120 units $17.50 Date Activities Jan. 1 Beginning Inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals 100 units $7.50 750 120 units @ $17.50 220 units $7.00 480 units 1.540 200 units The Company uses a perpetual Inventory system. For specific identification, ending Inventory consists of 240 units, where 220 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 ore from beginning inventory 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 question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification (Round cost per unit to places Complete this question by entering youwers in the abse Heque Rared2 3 a 2:41 Cote the table to determine the cost signed to ending investory cont of goods sed etilication Concorde place.) Specific Identification was for Custooteid PurchasDate Un tinin Activity Units COGS Unt Com Coute Bold coat Jant Beginning inventory 150 20 Phase 1001 Jan 30 Parch 220 400 0 3 Required 2 > 3 Milydowy o + EP - to search or by entering your wer in the tabs below 125 Med Determine the cost od to ding way to cost of goods sold water wage (Hound cost per un tot Weitere Perpetual Custood In w Colper Cost of the sold unt Sold nary 1000 LB 1000 Lanayo 20 Cost 19 1 www. MY January 30 Me GI Tye here to search 10" Molly duty o Required 1 Required 2 Required 3 Required 4 Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. Round cost per unit to 2 decimal places.) Perpetual FIFO: 3.12.10 Good lurchased of units unt Cost per Cont of Goods Sold of units Cost per Cost of Goods sold unit Sold ok #ofun Cost per unit Inventory Balance January 1 100 5 850) $1,300.00 1 January 10 ces January 20 January 25 January 30 Totals 43F Mostly search o O Required 1 Required 2 Required 3 Required 4 Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. (Round cost per unit to 2 decimal places) Perpetual LIFO 02.12.08 Goods Purchased of cost per units Cont of Goods Sold of units Cost per Cost of Goods sold unit Sold Date of units cont per Inventory Balance 5 1,350.00 January 1 100 $ 8.50 January 10 January 20 anuary 25 January 30 Totals to search o etc