(Round cost per unit to 2 decimal places.)
Required information Use the following information for the Exercises below The following information applies to the questions displayed below.j Laker Company reported the following January purchases and sales data for its only product. Activities Units Acquired at Cost Date an. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase 180 units $10.50 - $1,890 110 units e 9.50-1,045 260 unitse $ 9.002,340 Units sold at Retail 140 units$19.50 130 units $19.50 270 units Totals 550 units $5,275 The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 280 units, where 260 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory. Exercise 5-5A Perpetual: Inventory costing LO P3 Required 1. Complete the table to determine the costs assigned to ending inventory and to cost of goods sold using specific identification 2. Determine the costs assigned to ending inventory and to cost of goods sold using weighted average 3. Determine the costs assigned to ending inventory and to cost of goods sold using FIFO 4. Determine the costs assigned to ending inventory and to cost of goods sold using LIFO Complete this question by entering your answers in the tabs below Required Required 2 Required 3 Required4 Complete the table to determine the costs assigned to ending inventory and to cost of goods sold using specific identification Available for Sale Cost of Goods Sold Ending Inventory Ending Ending Cost Per Inventory Unit Units ase Date Activity Units Cost Sold Unit Cost COGS Inventory Units Cost Jan. 1 Jan. 20 Jan. 30 Beginning inventory Purchase Purchase 180 260 550 Required 1 Required 2 Required 3 Required 4 Determine the costs assigned to ending inventory and to cost of goods sold using weighted average. (Round cost pe Weighted Average Perpetual: s Purcha ost of Goods Sold Inventory Balance #of units Cost per unit #of units Cost perCost of sold Cost per Inventory Balance Date #Of units Goods Sold unit unit January 1 January 10 January 20 18010.50$1,890.00 Average cost January 25 January 30 Totals Required 1 Required3 > Required 1 Required 2Required 3 Required 4 Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. Perpetual FIFO: Inventory Balance #of units Cost per | unit # of units sold | Cost per unit Cost of G00ds Sold ! #of units | unit Cost per Inventory Balance Date 180$10.50,890.00 January 1 January 10 January 20 January 25 January 30 Totals Required 1 Required 2 Required 3Required 4 Determine the costs assigned to ending inventory and to cost of goods sold using LIFO. Perpetual Goods Purchased Cost of Goods Sold Inventory Balance #of units Cost per | unit # of units sold Cost per Cost of Goods Date of units Cost per Inventory unit Sold Balance 180| @| $10.50| January 1 January 10 January 20 %29000 January 25 January 30 Totals Required 3
