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Laker Company reported the following January purchases and sales data for its only product Units sold at Retail Units Acquired at Cost 185 units $11.00

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Laker Company reported the following January purchases and sales data for its only product Units sold at Retail Units Acquired at Cost 185 units $11.00 $2,035 Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales 345 units @ $20.00 100 units @ $10.00 1,000 125 units @ $20.00 Jan. 30 Purchase 270 units 59.50 555 units 2,565 55,600 Totals 278 units The Company uses a perpetual inventory system. For specific Identification, ending inventory consists of 285 units, where 270 are from the January 30 purchase. 5 are from the January 20 purchase, and 10 are from beginning inventory uired: omplete the table to determine the cost assigned to ending inventory and cost of ds sold using specific identification letermine the cost assigned to ending inventory and to cost of goods sold using ihted average etermine the cost assigned to ending inventory and to cost of goods sold using FIFO. etermine the cost assigned to ending inventory and to cost of goods sold using LIFO. Answer is not complete. omplete this question by entering your answers in the tabs below. squired 1 Required 2 Required a Required 4 mplete the table to determine the cost assigned to ending inventory and cost of goods sold using ices.) cific Identification Available for Sale Cost of Goods Sold chase Unit Activity Units Units Sold Unit Cost COGS Cost Ending Inventor Units 1 185 20 Beginning inventory Purchase Purchase 100 30 270 555 0 Required Required 2 Answer is not complete. the tabs below. eg inventory and cost of goods sold using specific identification. (Round cost per unit to 2 decimal Cost of Goods Sold Ending Inventory Ending Cost Ending Inventory Per Inventory- Units Unit Cost Units Sold Unit Cost COGS 0 0 0 Required Required 2 >

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