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Required information Use the following information for the Exercises 3.7 below. (Algo) The followng information applies to the questions displund below) Laker Company ieported the
Required information Use the following information for the Exercises 3.7 below. (Algo) The followng information applies to the questions displund below) Laker Company ieported the following January puichases and sales data for its only product. For specific identification. ending imvertory consists of 340 unds fom the Jinuary 30 purchase. 5 units from the Joniary 20 purchase, and is units from beginning imversory Exercise 5.3 (Algo) Perpetual: Inventory costing methods LO P1 Assume the perpetual inventary system is used Aequired: 1. Complete the tatie to determine the cost assugned to ending imventory and cost of goods sold using specific isensificaton 2. Determne the cont assigned to ending inventory and to cost of poods sold using weighited average 3. Determine the cost assigned to ending inventory and to cost of goods sold usang HFO. 4. Determine the cost alsigned to ending irventory and to cost of goods sold using tifo Complete this quevilon by entering your answers in the tabs below. Exercise 5.3 (Algo) Perpetual: Inventory costing methods LO P1 Assume the perpefuafinvertory system is used. Required: 1. Complete the table to determine the cost assipned to ending inventory and cost of goods sold using specific identafication 2. Determine the cost assigned to ending irwentory and to cost of goods soid using weighted average 3. Defernine the cost assigned to ending imentory 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 cont of goods sold using weighted average. woter fround cost per unit to 2 decimal places
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