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Required Iinformation Use the following information for the Exercises below. The following information applies to the questions displayed below.] Laker Company reported the following January
Required Iinformation 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 da reported the following January purchases and sales data for its only product Units sold a Betai Date Beginning inventOr ActivitiesUnits Acquired at Cost 140 units@$6.00=. 840 Tan .1 Tan.10 Sales Tan .20 Purchase Tan -25 Sales Jan -30 Purchase 100 unitse 15 60 units @ $5.00= -300 80 units @15 180 units@ s4.50810 Totals 380 units 1,950. 180 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 180 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 Requlred: 1. Compiete the taple to determine the cost assigned to ending inventory and cost of goods sold using specific identif 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 FiF 4. Determine the cost assigned to ending inventory and to cost of goods soid using LIFO Complete this questions by entering your answers in the below tabs
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