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 Date Activities Units Acquired at Cost Retail Jan. 1 Beginning inventory 140 units @ $6.00 = $ 840 Jan. 10 Sales 100 units @ $ 15 Jan. 20 Purchase 60 units @ $5.00 = 300 Jan. 25 Sales 80 units@ $15 Jan. 30 Purchase 180 units @ $4.50 = 810 Totals 380 units $1,950 180 units Complete this question by entering your answers in the tabs below. weldye, la FIFO, and (d) LIFO. Book Print rences Specific Id Weighted Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using specific identification. For specific identification, 200 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning invento a) Specific identification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Goods Cost per # of units # of units Cost per Available for # of units Cost of Cost unit Ending sold Sale In ending unit Goods Sold Inventory per unit Inventory Beginning inventory 140 $ 6.00 $ 840 Purchases: Jan. 20 60 $ 5.00 300 Jan. 30 180 $ 4.50 Total 380 $ 1.950 $ 0 0 810 -LUU wew Specific Id Weighted Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decimal places.) b) Weighted Average Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Average cost of Goods # of units Cost per Available for # of units Average # of units Average Cost of Cost per In ending Cost Ending Goods Sold unit Sale sold Unit Inventory per unit Inventory Beginning inventory 140 840 Purchases: Jan. 20 60 300 Jan. 30 180 810 Total 380 s 1,950 180.00 $ 0.00 0.00 y entering your answers in the tabs below. Specific Id Weighted Average FIFO LIFO ook Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. int c) FIFO int Cost of Goods Sold ences Cost of Goods Available for Sale # of units Cost of Goods Cost per Available for unit Sale 140 6.00 $ 840 # of units Cost per sold unit Cost of Goods Sold Ending Inventory of units Cost In ending Ending Inventory per unit inventory Beginning inventory Purchases: Jan. 20 60 5.00 300 Jan. 30 180 4.50 Total 380 810 1.950 $ 0 $ 0 0 $ Complete this question by entering your answers in the tabs below. Specific Id Weighted Average FIFO LIFO Ok Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. d) LIFO Cost of Goods Sold ces Cost of Goods Available for Sale Cost of Goods # of units unit Available for Sale 140 6.00 $ 840 Cost per of units Cost per sold unit Cost of Goods Sold Ending Inventory of units Cost Ending In ending Inventory per unit Inventory Beginning inventory Purchases: Jan. 20 60 5.00 300 Jan. 30 180 4.50 810 Total 380 $ 1,950 0 $ 0 0 $ 0 (FIFO LIFO
