Required information Use the following information for the Exercises 3-7 below. (Algo) The following information Applies to the questions diaplayed below! Loker Company reported the following January porchases and sales data for its only product. The Company uses perpetual Inventory system. For specific identification, ending inventory consists of 355 utiles from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning leventory ATV Square anary Inventory 150 January 10 sais 165 udts 12.00 January 20 Purchase sont 3 13.00 2. January 25 108 . January 10 Purchase 356 11.00 3,5 Totals 790 wita 355 IS Exercise 5-3 (Algo) Perpetual: Inventory costing methods LO P1 Required 1. Complete the table to determine the cost signed to ending investory and cost of goods sold using spectic identification 2 Deline the cost signed 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 consigned to ending Inventory and to cost of goods sold using LIFO Complete this question by entering your answers in the tabs below 5CM Wed FO UFO Complete the table to determine the signed to ending inventary and customesso indentification Awwi fortalt EN Custofa Cost Pere DOS AVE Cap C. Ending 26 -grand Use the following information for the Exercises 3-7 below. (Alpo The following information applies to the questions displayed below) Loker Company reported the following January purchases and sales data for its only product. The Company uses perpetual inventory system for specific identification, ending inventory consists of 355 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory Date ACTIVITY US Art C U at me January 1 bepaling Laventory 21 O 1.8 $ 3,00 January 10 Sales 165 units January 20 Purchase 100 units 15.00 2,66 January 25 Sales 100 units . $23.00 January 30 Purchase 355 units 11.00 2,905 Totals 70 units S DOS 555 unit Exercise 5-3 (Algo) Perpetual: Inventory costing methods LO P1 Required: 1. Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification 2. Determine 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. Complete this question by entering your answers in the tabs below Sede la Weighted Average FIO uro Determine the cost a signed to ending inventory and to cost of goods sold using weighted average Cound cost per unit to 2 decimas places) Cont hance Med e-Papota: Coats nodod of Caper Cast of Goods old Seld Dont per of units outs Cost per unit yang 2153 14.00 1 2010 Sayt 10 Saw A Say 25 Tour
Prey 2018 !!! Next > Required information Use the following information for the Exercises 3-7 below. (Algo) 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 355 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory Date Activities Units Acquired at cost Units sold at Retail January 1 Beginning inventory 215 units @ $ 14.00 $ 3, 10 January 10 Sales 165 units @ $ 23.00 January 20 Purchase 100 units $ 13.00 2,080 January 25 Sales 190 units @ $ 23.00 January 30 Purchase 355 units $ 11.00 3,905 Totals 730 units $ 8,995 355 units Exercise 5-3 (Algo) Perpetual: Inventory costing methods LO P1 Required: 1. Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific'identification 2. Determine the cost assigned to ending invertory 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. Complete this question by entering your answers in the tabs below, Prev 2 of 8 !! Next > Required information Specific id Weighted Average FIFO 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.) Weighted Average - Perpetual: Cost of Goods Sold Goods Purchased Inventory Balance Date Cost per unit # of units # of units sold Cost per Cost of Goods Sold # of units Cost per unit Inventory Balance unit January 1 215 at 14.00 $ 3.010.00 January 10 January, 20 Average cout January 20 January 25 January 30 Total 5 Homework Required information Use the following information for the Exercises 3-7 below. (Algo) [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 355 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. Date Activities Units Acquired at Cost Units sold at Retail January 1 Beginning inventory 215 units @ $ 14.00 $ 3,010 January 10 Sales 165 units $ 23.00 January 28 Purchase 160 units @ $ 13.00 2,080 January 25 sales 190 units $ 23.00 January 30 Purchase 355 units $ 11.00 3,905 Totals 730 units $ 8,995 355 units Exercise 5-3 (Algo) Perpetual: Inventory costing methods LO P1 Required: 1. Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific'identification 2. Determine 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. Complete this question by entering your answers in the tabs below. Required information Weighted Average FIFO LIFO Specific id Determine the cost assigned to ending Inventory and to cost of goods sold using FIFO. Inventory Balance Perpetual FIFO: Cost of Goods Sold # of units Cost of Goods sold unit Sold Goods Purchased Cost per of units unit Date Cost per Cost per # of units unit Inventory Balance January 1 215 at $ $ 14.00 3.010.00 January 10 January 20 Total January 20 January 25 Total January 25 January 30 Totals Saved amework {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 355 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. Date Activities Units Acquired at cost Units sold at Retail January 1 Beginning inventory 215 units $ 14.00 $ 3,010 January 10 Sales 165 units @ $ 23.00 January 20 Purchase 160 units $13.00 2,080 January 25 Sales 190 units @ $ 23.00 January 30 Purchase 355 units @ $ 11.00 3,965 Totals 730 units $ 8,995 355 units Exercise 5-3 (Algo) Perpetual: Inventory costing methods LO P1 Required: 1. Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. 2. Determine 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. 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 LIFO. LIFO Specific id weigntea Average FIFO Determine the cost assigned to ending Inventory and to cost of goods sold using LIFO. Perpetual LIFO Cost of Goods Sold #of units Cost per Cost of Goods sold unit Sold Goods Purchased Cost per of units Inventory Balance Cost per Inventory Balance unit Data # of units unit 215 at $14.00 = $ 3,010.00 January 1 January 10 January 20 Total January 20 January 25 Total January 25 January 30 Totals
