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. The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 400 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory Date January 1 Activities Beginning inventory January 10 Sales January 20 January 25 Purchase Sales January 30 Purchase Totals 190 units $14.50- 400 units $ 14.00- 820 units Units Acquired at Cost 230 units 15.50- $3,565 2,755 Units sold at Retail 180 units $24.50 220 units $24.50 5,600 $ 11,920 400 units Exercise 5-3 (Algo) Perpetual: Inventory costing methods LO P1 ces 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 Average FIFO 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 Purchase Date January 1 January 201 January 30 Activity Beginning inventory of units 1 Cost Par Unit of units sold Cost Per Una COGS Ending Inventory Unite Ending Inventory Cost Par Unit Ending Inventory-Cost 230 Purchase 190 Purchase 400 820 Weighted Average > 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. The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 400 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory Date January 1 January 10, January 20 Activities Beginning inventory Sales January 25 January 30 Purchase Sales Purchase Totals Units Acquired at Cost 230 units 15.50 Units sold at Retail $ 3,565 180 unita $24.50 190 units E 14.50- 2,755 220 unite . $24.50 400 units 820 units 14.00 5.600 533,920 400 unit Exercise 5-3 (Algo) Perpetual: Inventory costing methods LO P1 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 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.) January 1 January 10 Goods Purchased Date of units Cost per unit of units sold Weighted Average Cost of Goods Sold Cost per Inventory Balance Cost of Goods Sold of units Cost per unit Inventory Balance $ 15.50 $ 3,565.00 January 201 Average cost January 20 January 25 January 30 Totals > 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. The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 400 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory Activities Date January January 10 January 20 January 25 January 30 Beginning inventory Sales Purchase Sales Purchase totala Unite Acquired at Cont 230 unite $15.50- 190 unite 5 14.50 Units sold at Retail $3,565 100 unit $24.50 2,755 220 units . $24.50 400 units $14.00- 820 units 5,600 5 33,920 400 units Exercise 5-3 (Algo) Perpetual: Inventory costing methods LO P1 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 d Weighted Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using FIFO Perpetual FIFO Goods Purbated Cost of Goods Bald Date of unit Cost per unit of units sold Cost per Cost of Goods Bold Meanticx Relance Cost per # of units January 1 230M 15.50 3.565.00 January 10 January 20 Tutal January 20 January 25 Total January 25 January 30 Tutas (Weighted Average LIFO >> 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. The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 400 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory Date: January 1 January 10 Activitie Beginning inventory Sales Units Acquired at Coat 230 unita 15.50- $3.565 Units sold at Retail 100 unite $24.50 January 20 January 25 Purchase Sales 190 units 14.50- 2,755 225 units F $24.50 January 30 Purchase Totals 400 units 14.00- 820 units 5,600 $11,920 400 unite Exercise 5-3 (Algo) Perpetual: Inventory costing methods LO P1 rences 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 lo Weighted Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using LIFO Perpetual LIFO Goods Purchased Date of unite unit Cost per of units sold January 1 January 10 January 201 Total January 20 January 25 Total January 25 January 30 Cost of Goods Sold Cost per Cost of Goods unit Seld of unite Inventory Balance Cost per eventory Balance 230 $15.50 3.565.00