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need all four entries (specific id, weighted average, Fifo, and lifo) Required information The following information applies to the questions displayed below) Lakor Company reported
need all four entries (specific id, weighted average, Fifo, and lifo)
Required information The following information applies to the questions displayed below) Lakor Company reported the following January purchases and sales data for its only product. The Companyes periodic inventory system for specific Identification, ending inventory consists of 212 units, where 180 ore from the January 30 purchase. 5 are from the January 20 purchase, and 27 are from beginning inventory Date ACEITES Jan Beginning inventory Jan. 10 Sales Jan 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals Uncat cost 146 units 56.00 5 176 units $15.00 66 units $5.00 330 30 units 515.00 180 units $4.50- R10 392 units $2,016 180 units Required: Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification () weighted average, a FIFO, and (d) LIFO Complete this question by entering your answers in the tabs below. Weighted Average FIFO LIFO Specific Id ! Required information The following information applies to the questions displayed below) Laker Company reported the following January purchases and sales data for its only product. The Company use periodic inventory system. For specific identification, ending inventory consists of 212 units, where 180 are from January 30 purchase, 5 are from the January 20 purchase, and 27 are from beginning inventory Date Activities Units Acquired at cost Units sold at Retail Jan. 1 Beginning inventory 146 units @ $6.00 $ 876 Jan. 10 Sales 94 units@ $15.00 Jan. 20 Purchase 66 units @ $5.00 330 Jan. 25 Sales 86 units @ $15.00 Jan. 30 Purchase 180 units @ $4.50 - 810 Totals 392 units $2,016 180 units 0:37 Required: Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted FIFO, and (h) UFO Complete this question by entering your answers in the tabs below. Specific id Weighted Average FIFO LIFO Specific ld Weighted Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods soldung specific dentilation for species are from the January 30 purchase, 5 are from the January 20 purchases, and 27 are from beginning went pecine entiration Gosper Custod available Cost of Goods # of units Cost per Available for unit Sale $ 6.00 $ 0 of units sold Cost per unit Cost of Goods told ending inventory 94 $ 500 5 564 Beginning inventory Purchases 66 $ Jan. 20 5.00 330 $ 4.00 720 5 0 180 246 $ 564 94 Jan. 30 al $ 1.050 prete this question by entering your answers in the tabs below. 21 Specific Weighted Average FIRO UFO Determine the cost assigned to ending inventory and to cost of goods sold using weighted average (Round cost per 2 deomalac) by Weighted average - Periode Cost of Goods A total Cost of Goods Average cost of units Average W of units of Available for per unit Cost of Goods Cost per sold Average dont ending Sale Sold Un inventory Beginning inventory Purchases Jan 20 66 3:50 Jan 30 180 720 Total 246 $ 1,050 inventory 5 ng your answers in the tabs below. Specific id Wolghted Average FO Lira Determine the cost assigned to ending Inventory and to cost of goods sold wing uro. c) Periodic FIFO Cost of Goods Available for sale # of units Cost per Cast anon sain of units Cost per Cont of Goods sold unit Sold cost of Goods Available for Sale unit of its onding inventory COUPE wn 600 0 Beginning inventory Purchases: Jan 20 66 500 Jan 30 > 4.00 180 246 330 720 1.050 Total $ 0 0 0 5 Complete this question by entering your answers in the tabs below. Specific Id Weighted Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold in LIFO. d) Periodic LIRO cost of Goods Available to ale Cost per W of units Cost of Goods unit Available for Sale of units sold Cost per unit Cost of Goods of units Sold ending inventory Cooper Ending Beginning inventory Purchases not 6.00 0 $ + Jan. 20 66 5.00 180 4.00 dan 30 Total 330 720 1.050 246 $ $ 0 5 Step by Step Solution
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