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this is all one question Required information [The following information applies to the questions displayed below.) Laker Company reported the following January purchases and sales

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Required information [The following information applies to the questions displayed below.) Laker Company reported the following January purchases and sales data for its only product. Date Activities Units Acquired at Cost Units sold at Retail Jan. 1 Beginning inventory 170 units@ $9.50 - $1,615 Jan. 10 Sales 130 units @ $18.50 Jan. 20 Purchase 120 units $8.50 - 1,020 Jan. 25 Sales 130 units @ $18.50 Jan. 30 Purchase 240 unitse $8.00 = 1,920 Totals 530 units $4,555 260 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 270 units, where 240 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. Required information 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 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 Identification Available for Sale Cost of Goods Sold Ending Inventory Ending Ending Units Units Purchase Date Activity Cost Per COGS Inventory Unit Cost Cest Inventory Sold Unit Units Cost Jan 1 Beginning inventory 170 Jan. 20 Purchase 120 Jan. 30 Purcha 240 530 Unit Required 2 > Required information 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. 1 of 2 Complete this question by entering your answers in the tabs below. ellock Hint Required 1 Requied 2 Required 3 Required 4 Determine the cost assigned to ending Inventory and to cost of goods sold using weighted average. (Round cont par unit to 2 decimal places.) Weighted Average - Perpetual Goods Purchased Cost of Goods Sold Inventory Balance of W of Date Cost per Cost of Goods Cost per Inventory units unit Sold of units Balance January 1 1700$ 9.50 $1,615.00 January 10 Cost per units sold Pri Heferences January 20 Average cost January 25 January 30 Totals Recured 1 Required 3 > Required information 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 units unit Cost per Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Inventory Balance Cost per Inventory #of units unit Balance 170 @ $ 9.50 $ 1,615.00 Date January 1 January 10 January 20 int January 25 erences January 30 Totals Required information 1 of 2 Required 1 Required 2 Required 3 Requid 4 Es Cost per 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 Cost of Goods Sold Inventory Balance Date # of # of units Cost per Cost of Goods Inventory Cost per units unit sold # of units unit Sold unit Balance January 1 170 @ $ 9.50 = $ 1,615.00 January 10 January 20 eBook Hint Print January 25 References January 30 Totals

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