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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

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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. The Company uses a periodic inventory system For specific identification, ending inventory consists of 202 units, where 180 are from the January 30 purchase 5 are from the January 20 purchase, and 17 are from beginning inventory Activities Units Acquired at Cost Units sold at Retail Jan. 1 Beginning inventory 141 units @ $6.00 $ 846 Jan. 10 Sales 99 units @ $15.00 Jan. 20 Purchase 61 units@ $5.00 - Jan. 25 Sales 81 units @ $15.00 Jan. 30 Purchase 180 units @ $4.50 - 810 Totals 382 units $1,961 180 units Date 305 Required: Determine the cost assigned to ending inventory and to cost of goods sold using (e) specific identification (b) weighted average. (c) FIFO and (c) LIFO Complete this question by entering your answers in the tabs below. Specific Id Weighted Average FIFO LIFO 110e) Required Information The following information applies to the questions displayed below! Loker Company reported the following January purchases and sales data for its only product The Company uses a periodic inventory system For specific identification, ending inventory consists of 202 units where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 17 ore from beginning inventory Date Activities Unit Acould at Cust is sold at til 71 leginning inventory 141 wit $6.00 $046 Jan 10 Sales its $15.00 Jan, 20 Mirchase 61 wis 35.00 305 25 Sales al units 115.00 Jan. 30 Purchase 10 units $4.50 10 Totals 182 units 31,961 100 units Required: Determine the cost assigned to ending inventory and to cost of goods sold using a specific identification () weighted average FFO, and ( UFO Complete this question by entering your answers in the tabs below. Specinco Weighted Average TO UTO Determine the cost signed to ending inventory and to cost of goods sold using specic Identification. For specific identification, ending inventory cont of 202 units, where to are from the January 30 purchase are from the January 20 purchase, ant 17 are from beginning inventory Specification Cost of Oois Bold Cost of Goods Available for Sale Cost of Goods Coupe of units Available for of units sold Coster Ending inventory of units in Ending ending unit Inventory inventory Cost per cost of Goode Sold Begin Jan 20 J Weighted Average Required: Determine the cout assigned to ending inventory and to cost of goods sold using a specific identification (6) weighted average (o FIFO and LIFO Complete this question by entering your answers in the tabs below. Specnold Weito Averade FIFO LIND Determine the cost signed to ending Inventory and to cost of goods sold sing weighted avere un cost per unit to 2 decimal places) Weighiere. Periodic Cost of Goods Available for Sale Cost of Goods Sold Ending Cost of Goods Average of its in outs Average Cost Fofun Avaliable for Cost of Goods per unit Cost per Average Coul sold ending Sold Unit per unit Inventory Begegy Ending Invoy Jan 30 Tot (Specificid FIFO > Required: Determine the cost assigned to ending inventory and to cost of goods sold using a specific identification (6) weighted average (a FIFO, and (cUFO Complete this question by entering your answers in the tabs below. Weighted Average UFO Specifica Determine the cost assigned to ending inventory and to cost of goods sold uning FIFO Periodic FIFO Cost of Goods Available for Sale Cost per of units Cost of Goods unit Available for Sale Cost of Goods Sold of units Cooper Cost of Goods sold unit Sola Ending Inventory # of units in Cost per ending unit Inventory Ending Inventory Beginning wory Purchase Jan 20 Jan 30 You 0 Complete this question by entering your answers in the tabs below. Weighted Specific to TIFO Average Determine the cost assigned to ending inventory and to cost of goods sold using UFO 4) Periode Lo Cost of Goods Available for Sale Cost of Goods Sold Cost of Goods Cost per w of units of units Cost per Coat of Goods Available for Sale sold unit Sold Ending inventory of unite in Cost per unding inventory Ending Inventory unit Begin to cas Jan 20 Jan 0 (FIFO

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