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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 240 units @ $16.50 - $ 3,960 190 units @ $25.50 Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals 170 units@ $15.50 - 2,635 190 units @ $25.50 380 units $15.00 5.700 512,295 790 units 330 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 410 units, where 380 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning inventory Exercise 5.3 Perpetual: Inventory costing methods LO P1 Required: 1 comniate the table to datorming the cost accionadto anding inventory and cost of nonne soldielna charitic nantification compretes question by entering your answers in the tabs besow. Required 1 Required 2 Required 3 Required 4 Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification (Round cost per unit to 2 dedi places) Specific Identification Available for Sale Cost of Goods Sold Purchase Date Ending Inventory Ending Cost Per Ending Inventory Inventory Units Cost Activity Unit Cost Units Units Sold Unit Cost COGS Beginning inventory Jan 20 Purchase Purchase Jan 30 Required 2 > Cost of Goods Sold Inventory Balance Weighted Average - Perpetual Goods Purchased Date of Cost per units units sold Cost per Cost of Goods unit Sald #of units Cost per unit Inventory Balance January 1 240 @ 16.50 $ 3.960.00 January 10 January 20 Average cost January 25 January 30 Reged 3 > Required information Perpetual HFO: Goods Purchased Date Cost per unit of Cost of Goods Sold of units Cost per Cost of Goods sold unit Sold Inventory Balance of units Cost per Inventory of units unit Balance units January 1 240 @ 16.50 - $ 3.960.00 January 10 January 20 January 25 January 30 Perpetual LIHU: Goods Purchased # of Cost per units unit Cost of Goods Sold of units Cost per Cost of Goods sold unit Sold Inventory Balance # of units Cost per Inventory unit Balance Date January 1 240 @ S 16.50 - $ 3.960.00 January 10 January 20 January 25 January 30

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