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 only P Date Units sold Activities Units Required at Cont Retail Jan Beginning 205 units $13.00 - $2,665 inventory Jan. 10 Sales 165 units $22.00 Jan. 20 Purchase 140 units $12.00 - 1,680 Jan. 25 Sales 145 units $22.00 Jan. 30 Purchase 310 unitse$11.50 -3,565 Totals 655 units 57,910 310 units eference The Company uses a perpetual Inventory system. For specific identication ending inventory consists of 345 units, where 310 are from the January 30 purchase. 5 are from the January 20 purchase and 30 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 Dentication 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 cart of goods soldung FIFO 4. Determine the cost assigned to ending inventory and to cost of goods sold using UFO Complete this questions by entering your answers in the below tabs. Required Required Required Required 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 Ending Inventory U U Ending Unit Ending Cost Pervery Purchase Date Activity Units Cost Sold Cost Units Unit Cost Beginning 205 Purchase Purchase Required 2 > 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 dentification 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 UFO Complete this questions by entering your answers in the below tabs. Required Requred Required Required 1 2 3 Determine the cost, assigned to ending inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decimal places) Weighted Average - Perpetual: Goods Cost of Goods Sold Inventory Balance Cost of Cost Cost of Date per units per Goods of units per Inventory unit sold unit Sold Balance January 205 13.00 - 2.665.00 January 10 Arge CON January 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. Complete this questions by entering your answers in the below tabs. Required Required Required Required Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. Perpetual FIFO: Goods Cost of Goods Sold Inventory Balance Purchased Cost Cost of Cost to #of Date per Goods of units per Balance unit Lut Sold unit January 1 205 @ 13.00 - 2.865.00 January 10 January 20 Cost per of units sold units HE 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 UFO Complete this questions by entering your answers in the below tabs. Required Required Required Required Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. Perpetual UFO Goods Purchased Cost of Goods Sold Inventory Balance Cost of Cost Date Goods Goods of units sold inventory of units per Balance Cost January 1 205 @ 13.00 205.00 January 10
