quired information e the following information for the Exercises 3-7 below. (Algo) e following information applies...

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quired information e the following information for the Exercises 3-7 below. (Algo) e following information applies to the questions displayed below.] er Company reported the following January purchases and sales data for its only product. The Company uses a fodic inventory system. For specific identification, ending inventory consists of 228 units, where 180 are from the uary 30 purchase, 5 are from the January 20 purchase, and 43 are from beginning inventory. Date Activities January 1 Beginning inventory January 10 Soles January 20 Purchase January 25 Sales January 30 Purchase Totals 154 units Units Acquired at Cost $ 6.00 Units sold at Retail $924 86 units @ 74 units $5.00 370 94 units @ $ 15.00 $ 15.00 180 units 408 units $ 4.50 810 $ 2,104 180 units 5-4 (Algo) Periodic: Gross profit effects of inventory methods LO A1 pute gross profit for the month of January for Laker Company for the four inventory methods. h method yields the highest gross profit? gross profit using weighted average fall between that using FIFO and LIFO? ts were rising instead of falling, which method would yield the highest gross profit? te this question by entering your answers in the tabs below. se 5-5A (Algo) Perpetual: Inventory costing LO P3 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 Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. Specific Identification Available for Sale Cost of Goods Sold Ending Inventory Purchase Date Activity of units Cost Per Unit # of units sold Cost Per Unit COGS Ending Inventory Units Cost Per Unit Ending Inventory, Cost January 1 January 201 January 30 Beginning inventory 154 Purchase: 74 Purchase 180 408 D $ Specific st Weighted Average > < Prax B 34 5 of 14 Next >> Q Search 0 e wed 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. ces Specific Id Weighted Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. Note: Round cost per unit to 2 decimal places. Weighted Average Perpetual: Goods Purchased Date # of units Cost per #of units unit sold Cost of Goods Sold Cost per unit Cost of Goods Sold # of units Inventory Balance Cost per unit Inventory Balance January 1 154 @ $ 6,00= $ 924.00 January 10 January 20 Average cost January 25 January 30 Totals < Specific Id FIFO > 3 of 5 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 FIFO. oped Perpetual FIFO: Goods Purchased Book Date # of units January 11 January 101 int D ences January 201 January 25 January 30 Totals Cost of Goods Sold Cost per unit # of units sold Cost per Cost of Goods unit Sold # of units Inventory.Balance Cost per unit Inventory Balance 154 @ $ 6.00= $ 924.00 > 75 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. Perpetual LIFO Goods Purchased Cost of Goods Sold # of Date units Cost per unit #of units sold Cost per Cost of Goods unit Sold # of units Inventory Balance Cost per Inventory Balance unit 154 @ $ 6.00= $ 924.00 January 1 January 10 January 20 January 25 January 30 Totals < FIFO LIFO quired information e the following information for the Exercises 3-7 below. (Algo) e following information applies to the questions displayed below.] er Company reported the following January purchases and sales data for its only product. The Company uses a fodic inventory system. For specific identification, ending inventory consists of 228 units, where 180 are from the uary 30 purchase, 5 are from the January 20 purchase, and 43 are from beginning inventory. Date Activities January 1 Beginning inventory January 10 Soles January 20 Purchase January 25 Sales January 30 Purchase Totals 154 units Units Acquired at Cost $ 6.00 Units sold at Retail $924 86 units @ 74 units $5.00 370 94 units @ $ 15.00 $ 15.00 180 units 408 units $ 4.50 810 $ 2,104 180 units 5-4 (Algo) Periodic: Gross profit effects of inventory methods LO A1 pute gross profit for the month of January for Laker Company for the four inventory methods. h method yields the highest gross profit? gross profit using weighted average fall between that using FIFO and LIFO? ts were rising instead of falling, which method would yield the highest gross profit? te this question by entering your answers in the tabs below. se 5-5A (Algo) Perpetual: Inventory costing LO P3 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 Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. Specific Identification Available for Sale Cost of Goods Sold Ending Inventory Purchase Date Activity of units Cost Per Unit # of units sold Cost Per Unit COGS Ending Inventory Units Cost Per Unit Ending Inventory, Cost January 1 January 201 January 30 Beginning inventory 154 Purchase: 74 Purchase 180 408 D $ Specific st Weighted Average > < Prax B 34 5 of 14 Next >> Q Search 0 e wed 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. ces Specific Id Weighted Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. Note: Round cost per unit to 2 decimal places. Weighted Average Perpetual: Goods Purchased Date # of units Cost per #of units unit sold Cost of Goods Sold Cost per unit Cost of Goods Sold # of units Inventory Balance Cost per unit Inventory Balance January 1 154 @ $ 6,00= $ 924.00 January 10 January 20 Average cost January 25 January 30 Totals < Specific Id FIFO > 3 of 5 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 FIFO. oped Perpetual FIFO: Goods Purchased Book Date # of units January 11 January 101 int D ences January 201 January 25 January 30 Totals Cost of Goods Sold Cost per unit # of units sold Cost per Cost of Goods unit Sold # of units Inventory.Balance Cost per unit Inventory Balance 154 @ $ 6.00= $ 924.00 > 75 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. Perpetual LIFO Goods Purchased Cost of Goods Sold # of Date units Cost per unit #of units sold Cost per Cost of Goods unit Sold # of units Inventory Balance Cost per Inventory Balance unit 154 @ $ 6.00= $ 924.00 January 1 January 10 January 20 January 25 January 30 Totals < FIFO LIFO