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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 Units Acquired at Cost 150 units @ $ 7.50 = $1,125 Units sold at Retail 110 units @ $16.50 Date Activities Jan 1 Beginning inventory Jan 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals 80 units @ $ 6.50 = 520 90 units @ $16.50 200 units @ $ 6.00 = 430 units 1,200 $2,845 200 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 230 units, where 200 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 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. 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 1 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 decima places. Specific Identification Available for Sale Cost of Goods Sold Purchase Date Activity Units Unit Cost Units Sold Ending Inventory Ending Cost Per Ending Inventory Inventory Unit Units Cost Unit Cost COGS 150 Jan. 1 Jan. 20 Jan. 30 Beginning inventory Purchase Purchase 80 200 430 Required 2 > Laker Company reported the following January purchases and sales data for its only product. Units Acquired at Cost 150 units @ $ 7.50 = $1,125 Units sold at Retail 110 units @ $16.50 Date Activities Jan 1 Beginning inventory Jan. 10 Sales Jan 20 Purchase Jan. 25 Sales Jan 30 Purchase Totals 80 units @ $ 6.50 = 520 90 units @ $16.50 200 units @ $ 6.00 = 430 units 1,200 $2.845 200 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 230 units, where 200 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 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. 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 1 Required 2 Required 3 Required 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 Date # of Cost per # of units sold units unit Cost per Cost of Goods unit Sold # of units Cost per unit Inventory Balance January 1 150 @ 5 7.50 $ 1.125.00 January 10 January 20 Average cost January 25 January 30 Totals Loker Company reported the following January purchases and sales data for its only product Units sold at Retail Date Activities Jan 1 Beginning inventory Jan 10 Sales Jan 20 Purchase Jan 25 Sales Jan. 30 Purchase Totals Units Acquired at Cost 150 units @ $7.50 = $1,125 80 units @ $ 6.50 = 520 110 units @ $16.50 90 units @ $16.50 200 units @ $ 6.00 = 1,200 430 units $2,845 200 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 230 units, where 200 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 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. 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 1 Required 2 Required 3 Required 4 Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. (Round cost per unit to 2 decimal places.) Perpetual FIFO: Goods Purchased Cost of Goods Sold Date # of units Cost per # of units unit sold Cost per unit Cost of Goods Sold Inventory Balance Cost per # of units Inventory unit Balance 150 @ $ 7.50 = 5 1,125.00 January 1 January 10 January 20 January 25 January 30 Totals Required 2 Required 4 > Laker Company reported the following January purchases and sales data for its only product Units Acquired at Cost 150 units @ $7.50 = $1,125 Units sold at Retail 110 units @ $1650 Dale Activities Jan 1 Beginning inventory Jan 10 Sales Jan 20 Purchase Jan 25 Sales Jan. 30 Purchase Totals 80 units @ $ 6.50 = 520 90 units @ $16.50 200 units @ $ 6.00 = 430 units 1,200 $2,845 200 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 230 units, where 200 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 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. 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 1 Required 2 Required 3 Required 4 Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. (Round cost per unit to 2 decimal places.) Perpetual LIFO: Goods Purchased # of Cost per units unit Date Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Inventory Balance Cost per Inventory # of units unit Balance January 1 150 @ S 7.50 = $ 1,125.00 January 10 January 20 January 25 January 30 Totals