Laker Company reported the following January purchases and sales data for its only product Units Acquired at Cost 235 units $16.00 $ 3,760 Units sold at Retail 185 units @ $25.ee Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals 180 units $15.00 2,709 200 units @ $25.00 $14.50 - 370 units 785 units 5.365 $11,825 385 units The Company uses a perpetual inventory system. For specific identification, ending Inventory consists of 400 units, where 370 are from the January 30 purchase. 5 are from the January 20 purchase, and 25 are 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 2 decim places. Specific Identification Available for Sale Cost of Goods Sold Units Sold Unit Cost COGS Ending Purchase Date Activity Unit Cost Units Inventory Cost Per Ending Inventory Units Beginning inventory Purchase Purchase 235 180 370 785 180 units $15. 2,700 200 units $25.ee Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals 370 units $14.50 785 units BBS units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 400 units, where 370 are from the January 30 purchase. 5 are from the January 20 purchase, and 25 are from beginning inventory the cost assion and to cost of goods sold using UFO 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 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 Perpetuat Goods Purchased Cost of Goods Sold Inventory Balance of #of Cost per unit Cost per Cost of Goods unit Sold of units Cost per Date Inventory Balance 235 S 1500 = 3 750 00 January 1 January 10 January 20 | Average cost January 25 January 30 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 3 Required 4 required a Determine the cost assigned to ending inventory and to cost of goods sold using FFO. (Round cost per unit to 2 decimal places.) Perpetual FIFO: Inventory Balance Goods Purchased Cost per units unit of Cost of Goods Sold of units Cost per Cost of Goods sold unit Cost per Date Sald of units Inventory Balance January 1 235 @ $ 16.00 - $ 3.760 00 January 10 January 20 (Required 2 Required 4 > 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 Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. (Round cost per unit to 2 decimal places.) Perpetual LIEO: Goods Purchased of Cost per units unit Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Date of units Inventory Balance Cost per Inventory unit Balance @ $ 16.00 - $ 3.760.00 January 1 235 January 10 January 20 January 25 January 30
