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please help me solve requirement 1 and 2 with information above thank you Required information Use the following information for the Exercises below. {The following

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please help me solve requirement 1 and 2 with information above
image text in transcribed
image text in transcribed
thank you
Required information Use the following information for the Exercises below. {The following information applies to the questions displayed below] Laker Company reported the following January purchases and sales data for its only product. Date Activities Units Acquired at cost Units sold at Retail Jan. 1 Beginning inventory 190 units $7.00 - $1,330 Jan. 10 Sales 150 units @ $16.00 Jan. 20 Purchase 110 units $6.00 - 660 Jan. 25 Sales 130 units @ $16.00 Jan. 30 Purchase 280 units $5.50 - 1,590 Totals 580 units $3,530 280 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 300 units, where 280 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory. Exercise 6-3 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. Required: Required 2 Required 3 Required 4 Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification (Round cost per unit to 2 decimal places Specific Identification Available for Sale Cost of Goods Sold Ending Inventory Ending Cost Per Ending Inventory Unit Inventory Units Cost Activity Units Unit Cost Sold Unit Cost COGS Beginning entory Purchase Purchase 190 110 Jan 30 280 580 Required 2 > Required 1 Required 2 Required 3 Requred 4 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 Goods Purchased Cost of Goods Sold Inventory. Balance tol Bot Cost per Cost of Goods Cost per of units Inventory unit Sold sold unit Balance January 1 190 $ 7.00 $ 1,330.00 January 10 Cost per January 20 Average cost January 25 January 30

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