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Required Information Use the following information for the Exercises below The following information apples 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 apples to the questions displayed below Laker Company reported the following January purchases and sales data for lts only product 3,37s 180 units $14.802,528 Jan. 1 Beginning inventory 225 unitse $15.e0 175 nits 53.00 an. 18 Sales am. 20 Parchase 3am. 25 Sales an. 38 Purchase 21e units@324.ee Totals 10,620 385units The Company uses a perpetual inventory system. For specitic identification ending inventory consists of 370 units, where 350 are from the January 30 purchase 5 are from the January 20 purchase, and 15 are from beginning inventory Exercise 6-3 Perpetual: Inventory costing methods LO P Required: to ending inventory and cost of goods sold using specific ideneification 1. Complete the table to determine the cost assigned 2. Determine the cost assigned to 3. Determine the cost assigned to ending Inventory and to cost of goods soid using 4. Determine the cost assigned to ending nventory and to cos of goods sold using UF to cost of goods sold using ed average Complete this questions by entering your answers in the below tabs Type here to search

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