Return t 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 195 units @ $12.00 $2,340 155 units @ $21.00 Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals 1,320 120 units @ $11.00 135 units @ $21.00 290 units @ $10.50 = 3,045 605 units $6,705 290 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 315 units. where 290 are from the January 30 purchase. 5 are from the January 20 purchase, and 20 are from beginning inventory C 10 g Next > of 12 of 12 !!! 9 Next > 10 of 12 N W IUCIUCY Return to 13 AR N2JU.UU Required information January 20 120 @ 11.00 40 @ $ 12.00 $ 480.00 120 @ 1.320.00 Average cost 160 11.00 $ 11.25 @ $1,800.00 January 25 135 @ IS 21.00 $2,835 00 25 @ $ x 21.00 $ 525.00 290 January 30 S 10.50 @ 25 @ $ 525.00 IS 21.00 290 @ 3,045.00 10.50 $4,695.00 315 @ $3,570.00 Totals 11:33 oleo of 12 Next > w N my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question Required information $ 1,800.00 40 @ $ 480 00 January 25 0 @ 12.00 $ 11.00 $ 12.00 $ 11.00 528.00 48 X @ 72 x @ $ 792.00 $ 792.00 1,008,00 0 a 290 @ January 30 10.50 S 12.00 IS 11.00 IS 79200 72 x @ 290 @ 10.50 3,045.00 $ 3.837 00 $ 2.868.00 Totals 9 10 0 N Return to ques Required information .. JUMLAR MP Perpetual LIFO: Goods Purchased Cost # of Date units per unit January 1 Cost of Goods Sold # of units Cost Cost of sold per Goods Sold unit Inventory Balance Cost per Balance unit Inventory # of units 195 @ $12.00 2,340 00 January 10 155 @ 12.00 1,860.00 40 @ $ 480.00 $12.00 40 @ $ 12.00 120 @ S 480.00 January 20 11.00 120 @ $ 1100 1.320 00 1.800.00 40 $ 1200 480.00 S 480.00 40 x @ January 25 12 00 S APA 10 of 12 Return to questic Required information 1,800.00 January 25 40 X @ 12.00 $ 480.00 40 x @ $ 1200 $ 480.00 15 X @ 165.00 11 00 15 X @ $ 11.00 $ 165.00 $ 645.00 $ 645.00 January 30 290 > @ . 10.50 40 x @ $12.00 $ 480.00 165.00 15 x @ 290 @ $ 11 00 $ 10 50 3.045.00 Totals 2,505 00 3.690.00 Required 3 w N