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Chapter 6 Homework Saved Help Save & Exit Submit Check my work 19 Required information Complete this question by entering your answers in the tabs below. 9 Points points Required 1 Required 2 Required 3 Required 4 eBook Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decimal places.) Hint Weighted Average - Perpetual: Goods Purchased Print Cost of Goods Sold Inventory Balance References Cost per Cost per Date # of units # of units sold Cost per Cost of Goods unit Sold # of units Inventory Balance unit unit January 1 140 @ $ 6.00 = $ 840.00 January 10 100 @ $ 6.00] = $ 600.00 40 @ $ 6.00 = $ 240.00 January 20 601 @ $ 5.00 40 @ $ 6.00 = $ 5.00 = $ 240.00 300.00 60 @ Average cost 100 @ $ 5.40 $ 540.00 January 25 801 @ January 30 180 @ $ 4.50 180 @ S 4.50 = 810.00 Totals $ 600.00 180 @ Chapter 6 Homework Saved Help Save & Exit Submit Check my work 19 ! Required information (The following information applies to the questions displayed below.) 9 points Laker Company reported the following January purchases and sales data for its only product. eBook Hint Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals Units Acquired at Cost Units sold at Retail 140 units @ $6.00 = $ 840 100 units @ $ 15 60 units @ $5.00 = 300 80 units @ $ 15 180 units @ $4.50 = 810 380 units $1,950 180 units Print References The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 200 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 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