please fill in all the boxes. the numbers i put in the first two are most likely not right.
7 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. 12.5 points Units Acquired at Cost 165 units $9.00 $1,485 Units sold at Retail Sied 125 units @ $18.00 Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals 110 units 58.00 000 125 units $18.00 230 units 57.00 505 units 1,725 54,00 250 units The Company uses a perpetual inventory system. For specific Identification, ending inventory consists of 255 units, where 230 are from the January 30 purchase, 5 are from the January 20 purchase and 20 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. Dotermine 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 Required information 7 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Required 4 12.5 points Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identication (Hound cost per un to decimal place.) Specific Identification Available for Sale Purchase Date Activity Units Unit Cost Jan 1 Jan 20 Jan 30 Beginning inwentory Purchase Purchase 1655 900 110 S 8.00 230 $ 750 505 Cost of Goods Sold Ending Inventory Units Ending Ending Cost Per Sold COGS Unit Cost Inventory Unit Inventory Units Cost 125 S 900 $ 1.125 2015 9.00 $ 180 8805 800 $ 7.0401 1055 8:00 840 1725 S 7.50 $ 12.938 230 $ 7:505 1.725 2,730 5 21 103355 $12,745 Required 2 > Help Savu & E Required information 7 Required 1 Required 2 Required 3 Required 4 25 Determine the cost assigned to ending Inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decimal plan Cost of Goods Sold Weighted Average. Perpetual: Goods Purchased of Dale Cost per units unit #of units sold Cost per Cost of Goods Sold Inventory Balance Cost per of units Inventory unit Balance January 1 January 10 January 20 165 e $9.00 = $ 1.485.00 125 et $ 10.00 = $1,250,00 125 er $ 10.00 S 1.250.00 110@rs 8.00 125 $ 10.00 = 110 $ 8.00 = 235 $ 1.250.00 880.00 $ 2.130.00 Average cost January 25 January 30 + Totals $ 1.250.00 Required information 7 Perpetual FIFO: Goods Purchased For unit Cost per Cost of Goods Sold Wof units Cost per Cont of Goods unit Sold Date 125 points Inventory Balance Cost per Inventory of unit Balance 165 $ 9.00 $ 1,485.00 Gold January 1 Sloped January 10 January 20 January 25 January 30 Totals Devou Help Required information 7 Perpetual LIFO Dute Goods Purchased of units unit Cant per Cast of Goods Sold of units Cost per Cost of Goods sold unit Sold Cost per Inventory Balance #of units Inventory unit Balance 165 $ 9.00 $ 1.485.00 12.5 points Skipped January 1 January 10 January 20 January 25 January 30 Totals
