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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
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 es only product. The Company uses a perpetual inventory system. For specific identication ending inventory consists of 200 units from the January 30 purchase, 5 units from the January 20 purchase and 25 units from beginning inventory Sales Purchase Unita Modre att 18.00- $4,715 Exercise 5-3 (Algo) Perpetual: Inventory costing methods LO P1 Required 1. Complete the table to determine the cost assigned to ending rivectory and cost of goods sold using specific ideaton 2. Determine the cost assigned to ending inventory and to cost of goods sold using weighted eage 3. Determine the cost assigned to ending inventory and to cost of goods sold using FIFO 4. Determine the cost assigned so mang inventory and to cost of goods sold using UFO Complete this petion by entering your answers in the w Specif Armage Campite the talle te daternens the 21
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