! Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below. Laker Company reported the following January purchases and sales data for its only product. Date Activities Jan 1 Beginning inventory Jan 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals Units Acquired at Cost Units sold at Retail 140 units @ $6.00 $ 840 100 units@ $15 60 units @ $5.00 300 se units@ $ 15 180 units @ $4.50 810 380 units $1,950 150 units The Company uses a perpetual inventory system For specific identification, ending Inventory consists of 200 units, where 180 are from the January 30 purchase. 5 are from the January 20 purchase and 15 are from beginning inventory Exercise 6-3 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 102 Complete this questions by entering your answers in the below tabs. Required 1 Required 2 Required 3 Required 4 Book Complete the table to determine the cost assigned to ending Inventory and cost of goods sold using specific identification Specific Identification Available for Sale Coat of Goods Sold Ending Inventory Unit Units Ending Purchase Date Ending Activity Units Unit Cost Cost Per COGS Cast Sold Inventory Unit Inventory: Units Cost Jan 1 Beginning inventory 140 Jan 20 Purchase 60 Jan 30 Purchase 180 300 Huferences Required 2 > Complete this questions by entering your answers in the below tabs. Required 1 Required 2 Required 3 Required 4 BOOK Hint Determine the cost assigned to ending Inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decimal plan Weighted Average - Perpetual Goods Purchased Cost of Goods Sold Inventory Balance # of #of Date Cost per Cost per Cost of Goods units units Inventory unit of units unit sold Sold unit Balance January 1 1401 $ 6.00 = $ 840.00 January 10 January 20 Cost per Print Raferences Average cost January 25 January 30 Totals Required information 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 # of Cost per # of units Date Cost per Cost of Goods units Cost per Inventory unit # of units sold unit Sold unit Balance January 1 S 140 @ $ 600 - 840 00 January 10 January 20 January 25 January 30 Totals 3 Required information anda Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. Perpetual LIFO: Goods Purchased Cost of Goods Sold Inventory Balance of Date #of units Cost per Cost of Goods Cost per Inventory units unit sold # of units unit Sold unit Balance January 1 1400 $ 600 = S 840.00 January 10 Cost per 16 onts look January 20 January 25 Referencto January 30 Totals