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 Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals Units Acquired at Cost 225 units@ $15.00 = $ 3,375 180 units@ $14.00 - 2,520 350 units@ $13.50 4,725 755 units $10.628 175 units @ $24.00 210 units @ $24.00 385 units The Company uses a perpetual inventory system. For specific identification, ending Inventory consists of 370 units, 350 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 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 questions by entering your answers in the below tabs. Required 1 Required 2 Required 3 Required 4 Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. Specific Identification Available for Sale Purchase Date Activity Units Unit Cost Cost of Goods Sold Units Sold Unit Cost COGS Ending Inventory Ending Ending Inventory Cost Per Beginning Units Unit 225 toot Purchase Purchase $ 15.00 e Inventory Cost 350 756 Required 2 > Prov 1 of 7 !!! Next > 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 Units sold at Retail Activities Units Acquired at Cost Jan. 1 Beginning inventory 225 units $15.00 $ 3,375 Jan. 10 Sales Jan. 20 Purchase 180 units@ $14.00 2,520 Jan. 25 Sales Jan. 30 Purchase 350 unitso $13.50 Totals 755 units $10.628 175 units e $24.00 210 units @ $24.00 4,725 385 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 370 units, whe 350 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 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 questions by entering your answers in the below tabs. Required 1 Required 2 Required 3 Required Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decie Weighted Average - Perpetual: 1 Goods Purchased Cost of Goods Sold Inventory Balance #of cost per un cost per units Cost of unit sold unit Goods Sold # of units Inventory Cost per January 2 2s @ 15.000 27.00 1 January 201 Average cost UN January 30 ANN IN Required Required 3 > Prev 1 of 7 !!! Next > Laker Company reported the following January purchases and sales data for its only product. Units Acquired at Cost 225 units $15.00 - $ 3,375 Date Activities Jan. 1 Beginning inventory Jan. 1e Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals Units sold at Retail 175 units @ $24.00 210 units @ $24.00 2,520 180 units@ $14.00 - 350 unitse $13.50 755 units 4,725 $10.620 385 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 370 un 350 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventor Required: 1. Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identific 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 questions by entering your answers in the below tabs. Required 1 Required 2 Required 3 Required 4 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 Cost of units Cost Cost of Goods Date # of units January 1 225 @ $15.00 - Cost of units per unit Sold Inventory Balance 3375.00 January 10 January 20 January 25 Prev 1 of 7 !!! Laker Company reported the following January purchases and sales data for its only product. Date Activities Units Acquired at Cost Jan. 1 Beginning inventory 225 unitse $15.00 - $ 3,375 Jan. 1e Sales Jan. 20 Purchase 180 units@ $14.00 - 2,520 Jan. 25 Sales Jan. 30 Purchase 350 units $13.50 - 4,725 Totals 755 units $10,620 Units sold at Retail 175 units $24.ee 210 units @ $24. 385 units The Company uses a perpetual inventory system. For specific identification, ending Inventory consists of 370 units, 350 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory Required: 1. Complete the table to determine the cost assigned to ending Inventory and cost of goods sold using specific identificati 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 questions by entering your answers in the below tabs. Required 1 Required 2 Required 3 Rou Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. Perpetual UFO Goods Purchased of Cost units per unit Cost of Goods Sold of units Cost Cost of Goods sold per unit Sold Inventory Balance of units Cost inventory per unit Balance Date January 1 225 a $15.00 - 3.375.00 January 10 January 201 1 Prev 1 of 7 !!! Ne