Required infermetien Use the following information for the Exercises 37 below. (Algo) [The following information apolies to the quesbions dopilaytd boibw?] Laker Compary reported the tollowing Janaary purchases and salos data for ils only product. The Company uses a perpetual inwentory system. For spectic identificetion, ending invendory consists of 270 unlts from the January 30 purchase, 5 units from the danuary 20 purchage, and 15 unts from beginning inventory. Ekercise 6-3 (Algo) Perpetual: Inventory costing methods LO P1 Aequiredi: 1. Complete the table to determine the cost astigned to ending inventory and coat of goods sold using th. alic identiketion. 2. Dederame the cost assignod to ending imrentory and to coit of goods sold ssing weighted twerage. 3. Deterenine the cot assigned to ending imventory and to cost of goods seld uring Pro 4. Determine the coft assigned to ending ifvontory and to cost of goods sold uping UFO. Complete this question by entering your answers in the tabs below. Required Information Use the following information for the Enerclses 3-7 belew. (Ago) fthe followng information appies to the questions disployed below. Laker Company reported the folowing Jonvary purcheses and iales data for its only groduct. The Company uses a perpetusi inventory system. For speclic identicetion, ending inventory consists of 270 units from the daruary 30 purchase, 5 units from the January 20 purchase, and 15 unils from beginning inventory. Exercise 6-3 (Algo) Perpetual: Inventory costing methods LO P1 Requlied: 4. Complete the tabie to determine the cest astigned to ending ifventory and cost of goods sold using specifle istentification. 2. Deteimine the cost asigred to ending inventory and to cost of goods soid using weighted averege 3. Determine the cost assigned to ensing imentory and to cost of poods seld using Fug 4. Determine the cost assigned to ending inventary and to cost of goods seld using LFO Complete this question by entering your answers in the tabs below. Determine the coat assigned to ending inventory and to cost of goods sold using weighted average. Fote: Raund cost per unit to 2 decimel pleces. Requlred information Use the following information for the Exerclses 37 below. (Algo) [The following information applles to the questions displayed beloue] Laker Company teported the followng Jnhibry gurchases and soles dota for its only product. The Compatry uses a perpetual inventory system. For specilfic ldentification, ending inventory consias of 270 units trom the January 30 purchase, 5 units from the danuary 20 purchase, and 15 units from beginning inventory. Exercise 6-3 (Algo) Perpetual: Inventory costing methods LO P1 Requilitd: 1. Complete the tabis to deternine the cost assigned to ending inventory and cost of goods sold uring specific identication. 2. Determine the coat assigned to ending invertory and to cast of goods sold usling weightad awerhge: 3. Determine the cost assigned to ending inventory and to cost of goods sold using Fifo 4. Determine the cost dskigned to ending investory and to cost of goods sold using LIFo. Complete this question by entering your answers in the tabs below. Determine the cost assigned to ending inventory and to cost of goods sold asing flfo. Aequired lnformation Use the following informetlon for the Caercis 3-7 below. (Algo) IThe following intormabion apples to she ecueatiors dithployed beibie] Laker Company reported the foloving lanuary purchases and sales data for lis only precuct. The Company uses a porpetual inventory sybtem. For spectic idertification, ending inventory censists of 270 units from the Jonuary 30 purchsse, 5 unitd from the Johutry 20 purchase, and 95 unit frem beginning inventery. Enercise 6-3 (Algo) Perpetuat inventery costing methods LO P1 Required: 1. Complete the wole to determine the cost asigned te ending inventary and cont of goods soid uning specike iderefication. 2. Detemine the cost assigned to ending invetory and so cont of gooos soid using weighbed averege. 2. Detemine the cout assigned to ending inwotory and to cont of goobs sold ining weigh. 4. Oetemine the cost assigntd to ending inventory and to cost of goods sold uning ufo. Complete this question by entering your answers in the tabs below. Determine the cost assigned to ending itventory and to cost of poods sold using ufo. Required information Use the following Information for the Exercises 3-7 below. (A.go) [The following information applles to the quostions displayed below.] Laker Compony reported the following January purchases and sales data for its only product. The Compeny uses a perpetual inventory system. For specitic identification, ending inventory consists of 270 units from the Jases a perpetual inventocy 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. Exercise 6-5 (Algo) Perpetual: Gross profit effects of inventory methods LO A1 1. Compute gross profn for the month of January for Laker Company for the four inventory methods. 2. Which method yelds the highest gross protr? 3. Does gross prolit using weighied average fall between that using FIFO and LFO? 4. If costs were raing insteod of folling. which method would yield the highest goss prolit? Complete this question by entering your answers in the tabs below. Compute gross proft for the month of January for Laker Compsny for the four inventory methods. Note: Round cost per unit to 2 decimal ploces and final answers to the nearest whole dollars. Required information Use the following information for the Exercises 3-7 below, (Algo) [The following information applies to the questions displayed below.] Laker Company reported the following January purchases and sales data for its only product. The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 270 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. Exercise 6-5 (Algo) Perpetual: Gross profit effects of inventory methods LO A1 1. Compute gross profit for the month of January for Laker Company for the four inventory methods. 2. Which method yleids the highest gross profit? 3. Does gross profit using weighted average fall between that using FIFO and LIFO? 4. If costs were rising instead of falling. which method would yield the highest gross profit? Complete this question by entering your answers in the tabs below. 2. Which method ylelds the highest gross profit? 3. Does gross profit using weighted average fall between that using FIFO and LFO? 4. If costs were rising instead of falling, which method would yield the highest gross profit? Required infermetien Use the following information for the Exercises 37 below. (Algo) [The following information apolies to the quesbions dopilaytd boibw?] Laker Compary reported the tollowing Janaary purchases and salos data for ils only product. The Company uses a perpetual inwentory system. For spectic identificetion, ending invendory consists of 270 unlts from the January 30 purchase, 5 units from the danuary 20 purchage, and 15 unts from beginning inventory. Ekercise 6-3 (Algo) Perpetual: Inventory costing methods LO P1 Aequiredi: 1. Complete the table to determine the cost astigned to ending inventory and coat of goods sold using th. alic identiketion. 2. Dederame the cost assignod to ending imrentory and to coit of goods sold ssing weighted twerage. 3. Deterenine the cot assigned to ending imventory and to cost of goods seld uring Pro 4. Determine the coft assigned to ending ifvontory and to cost of goods sold uping UFO. Complete this question by entering your answers in the tabs below. Required Information Use the following information for the Enerclses 3-7 belew. (Ago) fthe followng information appies to the questions disployed below. Laker Company reported the folowing Jonvary purcheses and iales data for its only groduct. The Company uses a perpetusi inventory system. For speclic identicetion, ending inventory consists of 270 units from the daruary 30 purchase, 5 units from the January 20 purchase, and 15 unils from beginning inventory. Exercise 6-3 (Algo) Perpetual: Inventory costing methods LO P1 Requlied: 4. Complete the tabie to determine the cest astigned to ending ifventory and cost of goods sold using specifle istentification. 2. Deteimine the cost asigred to ending inventory and to cost of goods soid using weighted averege 3. Determine the cost assigned to ensing imentory and to cost of poods seld using Fug 4. Determine the cost assigned to ending inventary and to cost of goods seld using LFO Complete this question by entering your answers in the tabs below. Determine the coat assigned to ending inventory and to cost of goods sold using weighted average. Fote: Raund cost per unit to 2 decimel pleces. Requlred information Use the following information for the Exerclses 37 below. (Algo) [The following information applles to the questions displayed beloue] Laker Company teported the followng Jnhibry gurchases and soles dota for its only product. The Compatry uses a perpetual inventory system. For specilfic ldentification, ending inventory consias of 270 units trom the January 30 purchase, 5 units from the danuary 20 purchase, and 15 units from beginning inventory. Exercise 6-3 (Algo) Perpetual: Inventory costing methods LO P1 Requilitd: 1. Complete the tabis to deternine the cost assigned to ending inventory and cost of goods sold uring specific identication. 2. Determine the coat assigned to ending invertory and to cast of goods sold usling weightad awerhge: 3. Determine the cost assigned to ending inventory and to cost of goods sold using Fifo 4. Determine the cost dskigned to ending investory and to cost of goods sold using LIFo. Complete this question by entering your answers in the tabs below. Determine the cost assigned to ending inventory and to cost of goods sold asing flfo. Aequired lnformation Use the following informetlon for the Caercis 3-7 below. (Algo) IThe following intormabion apples to she ecueatiors dithployed beibie] Laker Company reported the foloving lanuary purchases and sales data for lis only precuct. The Company uses a porpetual inventory sybtem. For spectic idertification, ending inventory censists of 270 units from the Jonuary 30 purchsse, 5 unitd from the Johutry 20 purchase, and 95 unit frem beginning inventery. Enercise 6-3 (Algo) Perpetuat inventery costing methods LO P1 Required: 1. Complete the wole to determine the cost asigned te ending inventary and cont of goods soid uning specike iderefication. 2. Detemine the cost assigned to ending invetory and so cont of gooos soid using weighbed averege. 2. Detemine the cout assigned to ending inwotory and to cont of goobs sold ining weigh. 4. Oetemine the cost assigntd to ending inventory and to cost of goods sold uning ufo. Complete this question by entering your answers in the tabs below. Determine the cost assigned to ending itventory and to cost of poods sold using ufo. Required information Use the following Information for the Exercises 3-7 below. (A.go) [The following information applles to the quostions displayed below.] Laker Compony reported the following January purchases and sales data for its only product. The Compeny uses a perpetual inventory system. For specitic identification, ending inventory consists of 270 units from the Jases a perpetual inventocy 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. Exercise 6-5 (Algo) Perpetual: Gross profit effects of inventory methods LO A1 1. Compute gross profn for the month of January for Laker Company for the four inventory methods. 2. Which method yelds the highest gross protr? 3. Does gross prolit using weighied average fall between that using FIFO and LFO? 4. If costs were raing insteod of folling. which method would yield the highest goss prolit? Complete this question by entering your answers in the tabs below. Compute gross proft for the month of January for Laker Compsny for the four inventory methods. Note: Round cost per unit to 2 decimal ploces and final answers to the nearest whole dollars. Required information Use the following information for the Exercises 3-7 below, (Algo) [The following information applies to the questions displayed below.] Laker Company reported the following January purchases and sales data for its only product. The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 270 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. Exercise 6-5 (Algo) Perpetual: Gross profit effects of inventory methods LO A1 1. Compute gross profit for the month of January for Laker Company for the four inventory methods. 2. Which method yleids the highest gross profit? 3. Does gross profit using weighted average fall between that using FIFO and LIFO? 4. If costs were rising instead of falling. which method would yield the highest gross profit? Complete this question by entering your answers in the tabs below. 2. Which method ylelds the highest gross profit? 3. Does gross profit using weighted average fall between that using FIFO and LFO? 4. If costs were rising instead of falling, which method would yield the highest gross profit