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need help solving this 2 13 =E21-F21 Laker Company reported the following January purchases and sales data for its only product. The Company uses a
need help solving this
2 13 =E21-F21 Laker Company reported the following January purchases and sales data for its only product. The Company uses a perpetual inventory system. Required: 1) Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. (Also click on the Weighted Average, FIFO, and LIFO Tabs below.) units Acquired at Cost Units Sold at Retail Units 140 January 01 January 10 January 20 January 25 January 30 Beginning inventory Sales Purchase Sales Purchase Totals Units 100 80 Units 250 8100 Selling Total Sales per unit $6.00 55.00 $4.50 Total cost $840 810 $1,950 price per $15.00 $15.00 dihg inveniory $1,500 $1,200 $2,700 For specific identification, ending inventory consists of the following units: Units from beginning inventory Units from purchase of January 20 Units from purchase of January 30 identificbn 140 units from beginning inventory 60 units purchased on January 20 180 units purchased on January 30 Totals Units 1400 380 Cost $6.00 $5.00 $4.50 Total cost $840.000 goo oo O $810.00 $1,950.00 Cost per $6.00 $5.00 $4.50 Total Cost $750.00 $275,000 Compute the cost of $1,02 units remaining in ending inventory
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