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tice: Assignment 5-1 Saved O Required information Use the following information for the Exercises 3-7 below. (Algo) [The following information applies to the questions displayed

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tice: Assignment 5-1 Saved O Required information Use the following information for the Exercises 3-7 below. (Algo) [The following information applies to the questions displayed below.) Laker Company reported the following January purchases and sales data for its only product. The Company uses a periodic inventory system. For specific identification, ending inventory consists of 218 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 33 are from beginning inventory, Date Activities Units Acquired at Coat Units sold at Retail Jan. 1 Deginning inventory 149 units $6.00 - $ 894 Jan. 10 Salon 91 units $15.00 Jan. 20. Purchase 69 units 65.00 345 Jan. 25 Sales 89 unita $15.00 Jan. 30 Purchase 180 units 0 64.50 - Totalo 390 units $2,049 100 unita 810 Exercise 5-5A (Algo) Perpetual: Inventory costing LO P3 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. Prey 1 of 3 !!! Next > WHICH Required information WYM w MyV Porpetual LIFO: Goods Purchased #of Cost per units unit Dato Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Cost per Inventory Balance # of units unit Inventory Balance 149 @ $ 6.00 - $ 894.00 January 1 January 10 91 @ $ 6,00 $ 546.00 58 @ $ 6.00 - $ 348.00 January 20 69 @ $ 5.00 348.00 58 @ $ 6.00 - $ 69 @ $ 5.00 345.00 $ 693.00 January 25 69 @ $ 5.00 $345.00 $ 6.00 - $ 8.00 - 0.00 o @ $ 5.00 = $ 345.00 January 30 180 $ 4.500 $ 6.00 0 @ $5.00 $ 450 180 810.00 Totals $ 89100 $ 810.00

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