tion.com tps/ ork (REQ) G 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. Units sold at Retail Units Acquired at Cost Activities Beginning Date an. inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase 140 units@ $6.00- 840 6e units$5.- 300 180 unitse $4.50- 810 1ee units@$15 80 units@ $15 Totals 380 units $1,950 180 units 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 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 questions by entering your answers in the below tabs. Required 1 Required 2Required 3 Required4 Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. Available for Sale Cost of Goods Sold Ending Inventory Ending Cost Per Inventory- Purchase Date Activity Units Unit Units CostSold Unit Cost coGs Inventory Unit Cost an. 1 Jan. 20 Jan. 30 140 $ 6.00 60 $ 5.00 180 S 4.50 Required 2 > e to search Complete this auestions by entering your answers in the below tabs. Required 1Requited 2Required 3Required 4 Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decir Weighted Average-Perpetual #of units Cost per unit cost per unit Cost of Goods | Sold Cost per i Inventory Balance Date units sold # of units Print unit 140@l s 6.001=1 s 840.00 100 6 @ $ 5.00 605.00300.0 60 s 300.00 Required 3 > Type here to search this questions by entering your answers in the below tabs. and to cost of goods sold using FIFO #of Date # of units 140 S 6.00 840.00 25 30 K Prev 6 7 of 12 ype here to search 4. Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. Complete this questions by entering your answers in the below tabs. Required 1 Required 2 Required 3 Required 4 nding inventory and to cost of goods sold using LIFO. #of Cost per | Cost per Cost of Goods Date # of units | # of units 140 6.00 00 January 10 20 25 30 ere to
