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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

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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. Units sold at Retail Units Acquired at Cost 205 units@ $13.00 - $2,665 165 units @ $22.00 Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totais 140 units @ $12.00 - 1,680 145 units @ $22.00 310 units@ $11.50 - 655 units 3,565 $7,910 310 units The Company uses a perpetual inventory system For specific identification, ending Inventory consists of 310 are from the January 30 purchase, 5 are from the January 20 purchase, and 30 are from beginning 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 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. De Losegned to ending Inventory and to cost of goods sold tising LO 134 complete this question by entering your answers in the tabs below. Book Required Required 2 Reed Required Determine the cost assigned to ending inventory and to cost of goods sold using FIFO (Round cost per unit to 2 decimal places. Hint Perpetual CNN ancho of Cost per Date Cost of Good Sold of units Cost Cost of Goods sold Der unit Sold nyuntory and of units Cost per Inventory Balance $ 13.00 $ 2.555.00 January 1 205 @ January 10 165 $12.00 5.2.145.00 40 $ 13.00 - $520.00 ces January 20 140 @ $12.00 $ 520.00 40 1401 5 13.00 $12.00 1.680.00 $ 2,200.00 January 25 $ $ 13.00 $12.00 0.00 0.00 e $ 13.00 @ 12.00 = @ S420.00 $ 420.00 January 30 310 $ 11.50 e 35 310 $ 1300 $ 1200 $ 11.50 420.00 3,565.00 Totals $ 2.145.00 $ 3,985.00 O 0 Complete this question by entering your answers in the tabs below. BOO Required 1 Required 2 Required Required 4 Determine the cost assigned to ending Inventory and to cost of goods sold using LIFO. (Round cost per unit to 2 decimal places) Hint Perpetual LIEO Goods Purchase or Cost per Cost.Goods Sold W of units Cost Cost of Goods sold per unit Sold Inventary Fas Cost per Inventory of units Balance 205 @ $ 13.00 $ 2665.00 January 1 January 10 165 $ 13.00 $ 2,145.00 40 @ $ 13.00 $ 520.00 January 20 140 @ $ 12.00 rences $ 13.00 $ 12.00 @ January 25 40 40 January 30 310 $ 11:50 $ 11.50 Totals

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