O 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 uses a perpetual Inventory system for specific identification, ending inventory consists of 180 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory DALA Activities Unit Noquired at coat Units sold at Rota January 1 Beginning inventory 140 unita $6.00 - $ 840 January 10 $ 15 January 20 Purchase 60 units $ 5.00 - 300 January 25 Sales 80 units # $ 15 January 10 180 units 65 4.50 819 180 units Sales 100 units Purchase Totals 380 units $1,950 veltury allo to COSE or yoous soiu using a specii dentalion () Weigihe average, (rru, a 10 uur. 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 using specific identification. For specific identification, 180 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning Inventory. 6) Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost per Cost of Goods # of units # of units Cost per # of units Available for Cost of Cost unit Ending In ending Sale sold unit Goods Sold Inventory per unit Inventory Beginning inventory Purchases: January 20 January 30 Total $ $ $ 0 0 0 0 BRITIS Weighted Average > The Company uses a periodic inventory system. For specific identification, ending inventory consists of 180 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. Determine the cost assigned to ending inventory and to cost of goods sold using (m) specific identification, (b) weighted average. (a) FIFO, and (C) LIFO. Complete this question by entering your answers in the tabs below. Specific 10 Weighted FIFO Average LIFO Determine the cost assigned to ending Inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decimal places.) b) Wolghted average - Periodic Cost of Goods Available for Sale Cour of Goods Sold Ending Inventory Average Cost of Goods #of units Average of units Cost per Available for Cost of # of units Average Cost per sold Ending Cost unit Sale Unit Inventory per unit Inventory Beginning inventory Purchases January 20 January 30 Total $ 0 $ 0 Goods sold in onding ces The Company uses a periodic inventory system. For specific identification, ending inventory consists of 180 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. Determine the cost assigned to ending inventory and to cost of goods sold using (8) specific identification, (b) weighted average. (FIFO, and () LIFO. Complete this question by entering your answers in the tabs below. Specific id Weighted LIFO Average Determine the cost assigned to ending Inventory and to cost of goods sold using FIFO. c) Periodic FIFO Cost of Goods Available for Sale Cost of Goods Sold Cost of Goods Cost per #of units Available for of units Cost per Cost of sold unit Goods Sold Sale Beginning inventory Purchases January 20 January 30 Total $ 0 $ Ending Inventory # of units Cost Ending In ending per unit Inventory Inventory unit 0 s 0 ( Weighted Average LIFO > The Company uses a periodic inventory system. For specific identification, ending inventory consists of 180 units from the January 30 purchase. 5 units from the January 20 purchase, and 15 units from beginning inventory. Determine the cost assigned to ending Inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (c) FIFO, and (c) LIFO. Complete this question by entering your answers in the tabs below. Specific id Weighted FIFO LIF Average Determine the cost assigned to ending Inventory and to cost of goods sold using LIFO. dy Perlodic LIFO Cast of Goods Available for Sale Cost of Goods Sold Cost of Goods W of units #of units Cost per Available for Cost of unit sold unit Goods Sold Salo Beginning inventory Purchases January 20 January 30 Total $ $ Cost per Ending Inventory # of units Cost Ending In ending Inventory Inventory per unit 0 0 $ O
