Required information Use the following information for the Exercises 3-7 below. (Algo) [The following information appiles to the questions displayed below.] Laker Company reported the following January purchases and sales data for its only product. For specific identification. ending inventory consists of 355 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning imventory. Exercise 5-3 (Algo) Perpetual: Inventory costing methods LO P1 Assume the perpetual inventory system is used. 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. Determine the cost assigned to ending inventory and to cost of goods sold using fIFO. Required information Use the following Information for the Exercises 37 below. (Algo) The following information applies to the questions displayed below] Laker Company reported the following January purchnses and sales data for its only product. For specific identification, ending imventory consists of 355 unts from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning imventory. Exercise 5-3 (Algo) Perpetual: Inventory costing methods LO P1 Assume the perpetual inventory system is used: Required: 1. Complete the table to determine the cost assigned to ending imentory and cost of goods sold uting specificident fication. 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 AFO. 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. Determinn the cost assigned to ending imventory and to cost of poods sold using LFO. Required information Use the following information for the Exercises 3-7 below. (Algo) [The following information applies to the questions displayed below] Laker Company reported the following January purchases and sales data for its only product. For specific identification, ending inventory consists of 355 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. Exercise 5-3 (Algo) Perpetual: Inventory costing methods LO P1 Assume the perpetual inventory system is used. 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. Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. Required information Use the following information for the Exercises 3-7 below. (Algo) [The following information applies to the questions displayed below] Laker Company reported the following Jenuary purchases and sales data for its only product. For specific identification, ending inventory consists of 355 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. Exercise 5-3 (Algo) Perpetual: Inventory costing methods LO P1 Assume the perpetual imventory system is ised. 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 LFO. Complete this question by entering your answers in the tabs below. Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. Note: Round cost per unit to 2 decimal places
