The following information applies to the questions displayed below) Laker Company reported the following January purchases and sales data for its only product Units Acquired at Cost 200 units $12.50 - $2,500 Units sold at Retail Activities Jan. 1 Beginning inventory Jan. 18 Sales Jan. 20 Purchase 160 units $21.50 139 units $21.50 - 1.495 140 units $21.5e $11.00 - 3,300 300 The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 330 units, where 300 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning inventory Required: 1. Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification 2. Determine the cost assigned to ending inventory and to cost of goods sold using weighted average 3. Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. 4. Determine the cost assigned to ending inventory and to cost of goods sold using LIFO Complete this question by entering your answers in the tabs below 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 decimal places Specific Mentication Available for Sale Cost of Goods Sold Purchase Date Activity 1 Ending Units Ending Inventory Ending Inventory Inventory Us Unit Cost Cost Per 1 Sol COGS Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decimal places.) Inventory Balance Weighted Average Perpetual Goods Purchased of Cost per s unt Cost of Goods Sold Cost per Cost of Goods *ot units cost per Inventory 00 $ 1250 2.500.00 January 10 20 Avec Required 1 Required 3 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Determine the cost assigned to ending Inventory and to cost of goods sold using FIFO. (Round cost per unit to 2 decimal places.) Perpetual FIFO: 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 units unit Balance Date units January 1 200 @ $ 12.50 - $ 2.500.00 January 10 January 20 January 25 January 30 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. (Round cost per unit to 2 decimal places.) Perpetual LIFO: Goods Purchased of Cost per units Cost of Goods Sold of units Cost per Cost of Goods sold Inventory Balance of units Cost per Inventory unit Balance Date unt sold January 1 200 S 12.50 - $ 2,500.00 January 10 January 20 January 25 January 30
