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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.

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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 perpetual inventory system. For specific Identification, ending inventory consists of 210 units from the January 30 purchase, 5 units from the January 20 purchase, and 30 units from beginning inventory. Date Activities Units Acquired at Cost Units sold at Retail January 1 Beginning inventory 155 unitse $ 8.00 - $ 1,240 January 10 Sales "115 units $ 17.00 January 20 Purchase 90 unitse $ 7.00 - 630 January 25 Sales 95 units e $ 17.00 January 30 Purchase 210 units $ 6.50 - 1,365 Totals 455 units $ 3,235 210 units 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. Specific Id Weighted FIFO Average LIFO Complete the table to determine the cost assigned to ending Inventory and cost of goods sold using specific identification. Specific Identification Available for Sale Cost of Goods Sold Ending Inventory Purchase Date Activity Ending #of units Cost Par # of units Unit Cost Per Unit COGS sold Ending Inventory: Cost Per Unit Units Inventory. Cost January 1 Beginning inventory 155$ 8.00 January 20 Purchase 90$ January 30 Purchase 210 $ 6.50 455 0 $ 0 0 $ 0 7.00 sal Weighted Average > Date 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 210 units from the January 30 purchase, 5 units from the January 20 purchase, and 30 units from beginning inventory Activities Units Acquired at Cost Units sold at Retail January 1 Deginning inventory 155 units a $ 8.00 - $ 1,240 January 10 Sales 115 units e $ 17.00 January 20 Purchase 90 units $7.00 - 630 January 25 Salen 95 units e $ 17.00 January 30 Purchase 210 units $ 6.50 - 1,365 Totals 455 units $ 3,235 210 unita 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. Specific id Weighted FIFO LIFO Average Determine the cost assigned to ending Inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decimal places.) Welghted Average - Perpetual Goods Purchased Cost of Goods Sold Inventory Balance Date # of units Cost per of units Cost of Goods unit unit of units Cost per unit Inventory Balance January 1 $ 8.00 - 1,240.00 January 10 Cost per sold Sold 155 at January 20 Average cost January 20 January 25 January 30 Totals Complete this question by entering your answers in the tabs below. Specific Id Weighted Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using FIFO, Perpetual FIFO Goods. Purchased Cost of Goods Sold Inventory Balance Date # of units Cost per # of units Cost per Cost of Goods unit unit Inventory Balance January 1 155 at $ 8.00 - $ 1,240.00 January 10 + sold Cost per Sold # of units unit January 20 Total January 20 January 26 Total January 25 January 30 Totals Weighted Average LIFO > 1. Complete the table to determine the cost assigned to ending 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. Weighted Specific Id FIFO LIFO Average Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. Perpetual LIFO Goods Purchased Cost of Goods Sold Inventory Balance Date Cost per # of units # of units Cost per cost of Goods Cost unit por sold # of units unit Sold Inventory Balance unit January 1 155 at $ 8.00 - $ 1,240.00 January 10 January 20 Total January 20 January 25 Total January 25 January 30 Totals

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