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 Activities Units Acquired at Cost Date Units sold at Retail Jan. 1 Beginning inventory 240 units $16.50 3,960 190 units@ $25.50 Jan. 10 Sales 170 units $15.50 = Jan. 20 Purchase 2,635 190 units $25.50 380 units $15.00 Jan. 30 Purchase 5,700 380 units 790 units $12,295 Totals The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 410 units, where 380 are from the January 30 purchase, 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 4 Required 2 Required 3 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 decimal places.) Specific Identification Available for Sale Cost of Goods Sold Ending Inventory Ending Inventory- Cost Per Units Ending Inventory- Cost Unit Units Purchase Date Activity Units Unit Cost COGS Cost Sold Unit $ 16.50 S $ 16.50 $ 15.50 215 16.50 3,548 Jan. 1 Beginning inventory 240 25 413 2,558 $ 15.50 S 165 15.50 S Jan. 20 Purchase 170 78 380 15.00 $ 15.00 $ Jan. 30 Purchase 0 380 5,700 380 410 790 S S 6,106 6,191 Required 1 Required 2> 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 Activities Beq Units Acquired at Cost Units sold at Retail Date Jan. 1 inventory 240 units@ $16.50 $ 3,960 190 units $25.50 Jan. 10 Sales Jan. 20 Purchase 170 units $15.50 2,635 190 units $25.50 Jan. 25 Sales 380 unitse Jan. 30 Purchase $15.00 5,700 380 units 790 units $12,295 Totals The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 410 units, where 380 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. lete this estion by rs in the tabs belo you 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: Cost of Goods Sold Goods Purchased Inventory Balance #of Cost per Cost of Goods unit # of units Cost per unit Cost per unit Inventory Balance Date units sold of units Sold 240@ 16.50 3,960.00 January 1 50@ 190 16.50 $ 3,135.00 $16.50 January 10 825.00 170@ 50@ 16.50 15.50 January 20 825.00 170 15.50 2,635.00 220@ Average cost 3,460.00 30@ 190 January 25 380a 30@ 15.00 January 30 380@ $ 15.00 5,700.00 3,135.00 410@ Totals Required 1 Required 3 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 sold at Units Acquired at Cost Date Retail Activities Jan. 1 eg n240 units@ $ 16.50 $ 3,960 inventory Jan. 10 Sales 190 units@$25.50 170 units$ 15.50= 2,635 Jan. 25 Purchase 190 units $ 25 .50 380 units@$ 15.00 Jan. 30 Purchase 5,700 790 units $12,295 380 units Totals The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 410 units, where 380 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning inventory. Required 1. Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. 2. Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. 3. Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. 4. Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. Complete this question by entering your answers in the tabs below. Required Required Required Required 2 4 Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. (Round cost per unit to 2 decimal places.) Perpetual FIFO: Goods Purchased Cost of Goods Sold Inventory Balance Cost #of units Cost per Cost # of Cost of Inventory Balance Date of units per per unit units sold Goods Sold unit unit S 240@ 16.50 January 1 3,960.00 January 10 January 20 January 25 January 30 Totals Required information The following information applies to the questions displayed below.] Laker Company reported the following January purchases and sales data for its only product. Units sold at Retail Units Acquired at Cost Date Activities Beginning Jan 1 inventory 240 units@$ 16.50 =S 3,960 Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales 190 units@ $ 25 . 50 170 units$ 15.50 2,635 190 units@ $ 25 . 50 380 units$ 15.00= 5,700 Jan. 30 Purchase 380 units 790 units $12,295 Totals The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 410 units, where 380 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 Required Required Required 2 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 Cost of Goods Sold Inventory Balance Purchased Cost Cost Cost # of units sold # of units Cost of Inventory Balance Date ner Goods Sold#of units unit unit unit 240@ January 1 16.50 3,960.00 January 10 January 20 January 25 January 30 Totals Required 3 Required 4 >