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please help with the wrong answers (the red X) Required information The following information applies to the questions displayed below) Laker Company reported the following
please help with the wrong answers (the red X)
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 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 210 units $5.50 - 1,560 Totals 550 units $3,530 2100 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 ce Spesific Identification Available for Sale Cost of Goods Sold Purchase Date Units Unit Cost COGS Activity Units Sold Unit Cost 150 S 700 150 000 Ending Inventery Ending Cost Ending Inventory: Per Inventory Units Unit Cont 15 S 7.00 $ 105 SS600 S 30 280 $550 1.540 $ 1.675 $ 1.050 $ 900 Jan 1 Jan 20 Jan 30 5700 $ 600 5550 Beginning inventory Purchase Purchase 150 110 280 580 300 $1,950 300 Required 2 > Required information Required 1 Required 2 Required Required 4 Do unit Deteuning 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 Cont Cost Cost of Date Inventory # of units Cost of Goods per per per of units sold units Sold unit unit Balance January 100 $700 $1330.00 JUNY 150 S 700 $1.050.00 4057000 $ 280.00 10 January 1100 40 5000 $700 520000 70 110 5 800 DO DO Average cost 150 5 6 7 S 0000 130 5070 582 10 200 50 $ 1350 25 January 250 20 S 550 56.70 5 135.50 30 280 5550 1.500.00 Total $1.99270 300 S 807 S1075 00 Step by Step Solution
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