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 Date Activities Units Acquired at Cost Units sold at Retail Jan. 1 Beginning inventory 155 units $8.00 - $1,240 Jan. 10 Sales 115 units $17.00 Jan. 20 Purchase 90 units $7.00 - 630 Jan. 25 Sales 95 units $17.00 Jan. 30 Purchase 210 unitse $6.50- 1,365 Totals 455 units $3,235 210 units Required: The Company uses a periodic inventory system. For specific identification, ending inventory consists of 245 units, where 210 are from the January 30 purchase. 5 are from the January 20 purchase, and 30 are from beginning inventory. Determine the cost assigned to ending inventory and to cost of goods sold using (c) specific identification, (b) weighted average. (FIFO, and (c) LIFO. Complete this questions by entering your answers in the below tabs. Specific Id Weighted Average FIFO UFO Required: The Company uses a periodic Inventory system. For specific identification, ending inventory consists of 245 units, where 210 are from the January 30 purchase, 5 are from the January 20 purchase, and 30 are from beginning inventory. Determine the cost assigned to ending inventory and to cost of goods sold using a specific identification, (b) weighted average. (FIFO, and ( LIFO. points ebook Complete this questions by entering your answers in the below tabs. Specified Weighted Average Pro LIFO Determine the cost assigned to ending inventory and to cost of goods sold using specific identification. For specific identification, ending inventory 245 units, where 210 are from the January 30 purchase, 5 are from the January 20 purchase, and 30 are from beginning inventory a) Specifle identification Cost of Goods Available for Sale Cost of Goods Sold cost per cost of Goods unut Available for of of units Cost per Cost per unit Ending Inventory of units Cost Ending in ending inventory i nventory Cost of Goods sold Beginning inventory Jan 20 30 Weighted Average Required: The Company uses a periodic Inventory system. For specific identification, ending Inventory consists of 245 units, where 210 are from the January 30 purchase, 5 are from the January 20 purchase, and 30 are from beginning inventory. Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (FIFO, and () LIFO. Complete this questions by entering your answers in the below tabs. Specific Id Weighted Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decimal places.) b) Average Cost Cost of Goods Available for Sale Average Cost of Goods # of units Cost per Available for Cost of Goods #of units Cost per Goods Sold Cost of Goods Sold of wit Average Averag Cost of sold Unit Ending Inventory of units Average Ending In ending Cost per Inventory unit inventory Beginning inventory Purchases Jan. 20 Jan 30 Total Required: The Company uses a periodic inventory system. For specific identification, ending inventory consists of 245 units, where 210 are from the January 30 purchase, 5 are from the January 20 purchase, and 30 are from beginning inventory. Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (FIFO, and (c) LIFO. Complete this questions by entering your answers in the below tabs. Specific Id Weighted Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. c) FIFO Cost of Goods Available for Sale of units Cost per cost of Goods Available for Sale Cost of Goods Sold Cat Cost of of units Cost per sold unit Goods Sold " Ending Inventory Wof units Wof units Cost Ending in onding per unit Inventory Inventory Wof units unit Beginning inventory Purchases Jan. 20 Jan. 30 Total ( Weighted Average LIFO > Required: The Company uses a periodic inventory system. For specific identification, ending inventory consists of 245 units, where 210 are from the January 30 purchase, 5 are from the January 20 purchase, and 30 are from beginning inventory. Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average. (FIFO, and (d) LIFO. Complete this questions by entering your answers in the below tabs. Specific ld Weighted Average Hotel FIFO FIFO L IFO LIFO rences Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. LIFO Cost of Goods Available for Sale Cost of Goods Sold Center Cost of Goods #of units Cost per Cost of # of units upe Available for sold unit Goods Sold Ending Inventory #of units Cost Eesti in ending per un inventory inventory Beginning inventory Purchases: Jan. 20 Jan. 30 Total
