Required information Use the following information for the Exercises below. The sowowing nformation appies to the questions displayed below, Laker Company reported the following January purchases and sales data for its only product. Units sold at Retail Date Activities Units Acquired at Cost Jan. inventory Beginning ng200 unitse$12.50-$2,500 Jan.10 Sales Jan. 20 Purchase 130 units $11.50- 1,495 Jan.25 Sales Jan.30 Furchase 300 unitses11.00-3,300 160 units $21.50 140 units $21.50 Totals 630 units $7,295 300 units Exercise 6-5A Periodic: Inventory costing LO P3 Required: The Company uses a periodic inventory system. For specific identification, ending inventory consists of 330 units, where 30o are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning inventory. Determine the cost assigned to ending inventory and to cost of goods sold using [a] specific identification, weighted average. (c) FIFO, and( LIFO. Complete this questions by entering your answers in the below tabs. Specific Weighted FIFO LIFO Id Avera Determine the cost assigned to ending inventory and to cost of goods sold using specific identification. For specific identification, ending inventory consists of 330 units, where 300 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning inventory. Show lessA Cost of Goods Sold # of | Cost | Cost of | # of units | Cost sold unit Sold inventory unit Ending Inventory for Sale # of | Cost I-costof Cost Goods units per per Available Goods in ending Per Inventory for Sale Beginning Purchases Jan. 20 Jan. 30 Total Spe Weighted Average The Company uses a periodic inventory system. For specific identification, ending inventory consists of 330 units, where 30o are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning inventory. Determine the cost assigned to ending inventory and to cost of goods sold using (j specific identification. weighted average. (c) FIFO, and( LIFO. Complete this questions by entering your answers in the below tabs. Specific Weightec FIFO LIFO Id Avera Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decimal places.) ) Average Cost Cost of Goods Sold # of Average Cost of |# of units Average | sold | per Unit | Sold |inventory per unit Ending Inventory Sale Cost of Average Goods units #of units per unit Availablets Cost for Sales Cost Goods in ending Cost Purchases Jan. 20 Jan. 30 Total K Specific Id FIFO Required: The Company uses a periodic inventory system. For specific identification, ending inventory consists of 330 units, where 30o are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning inventory. Determine the cost assigned to ending inventory and to cost of goods sold using [a] specific identification, weighted average. (c) FIFO, and( LIFO. Complete this questions by entering your answers in the below tabs. Specific Weighted FIFO LIFO Id Determine the cot assigned to e c) FIFO Avera etoy and to cost of goods sold using FIFO Cost of Goods Sold # of | Cost | Cost of | # of units | Cost sold unit Sold inventory unit for Sale Ending Inventory #of | Cost costof Cost Goods units per per Available Ending Goods in ending Per Inventory for Sale Purchases: Jan. 20 Jan. 30 Total
