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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
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. For specific identification, ending inventory consists of units from the January purchase, units from the January purchase, and units from beginning inventory.
Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification.
Specific Identification
Weighted Average
Note: Round cost per unit to decimal places.
Weighted Average Perpetual:
tableDateWeighted Average Perpetual:,Inventory BalanceGoods Purchased,Cost of Goods Sold# of units,tableCost perunittable# of unitssoldtableCost perunittableCost of GoodsSold# of units,Cost per unit,Inventory BalanceJanuary at$
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