MUS UNUS Homework 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 1 Activities Betinine nentory (8 0430:30 Units Aquired at Costunits sold 215 units $14.00 $3,010 165 unitse 100 units $13.aa- 2.10 199 units 355 Its $12.00 28 Purchase $23.03 Required: The Company uses a periodic inventory system. For specific identification, ending inventory consists of 375 units, where 355 are from the January 30 purchase. 5 are from the January 20 purchase, and 15 are from beginning inventory Determine the cost assigned to ending inventory and no cost of goods sold using() specific identification. (b) weighted average (FIFO, and I LIFO. Complete this questions by entering your answers in the below tabs. Weighted Average FIFO Determine the cost assigned to ending inventory and to cost of goods sold using specific identification. For specific identification, ending inventory consists of 375 units, where are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory A) Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory of units Cost per of units Cost per Cost of Available for 1 of units Goods Sold in ending Beginning inventory Weighted Average > 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 points Units Acquired at Cost 215 nits $14.00 - $3.012 Units sold at Retail 8 000 165 units $23.00 Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals 162 units $13.00 - 2.050 190 units523.00 512.00 - 355 units 730 units 4,260 59,350 355 units Required: The Company uses a periodic inventory system. For specific identification, ending inventory consists of 375 units where 355 are from the January 30 purchase. 5 are from the January 20 purchase and 15 are from beginning inventory Determine the cost assigned to ending inventory and to cost of goods sold using a specific identification, (b) weighted average (FIFO, and (d) LIFO Complete this questions by entering your answers in the below tabs. Specific 10 Weighted Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decimal places.) b) Average Cost Cost of Goods Available for Sale Average cost of Goods of units Cost per Available for Sale Cost of Goods Sold Ending Inventory of units Average cost of of units Average cost per in ending Ending Cost per Goods sold in ending Inventory inventory Beginning inventory Purchases Jan 30 Total of Specificid FIFO > Required information The following information applies to the questions displayed below Laker Company reported the following January purchases and soles data for its only product. Activities Jan. 1 Beginning inventory Units Acquired at Cost 215 units $14.00 - $3,10 Units sold at Retail (8 042353 165 units $23.de Jan. 20 Purchase Jan. 25 Sales 160 units $13.00 2,000 190 units $23.ee $12.00 355 units 330 units 4.260 $9,350 Total 355 units Required: The Company uses a periodic inventory system. For specific identification, ending inventory cons sts of 375 units, where 355 are from the January 30 purchase. 5 are from the January 20 purchase, and 15 are from beginning inventory. Determine the cost assigned to ending inventory and to cost of goods sold using a specific identification, () weighted average. (FIFO, and (d) LIFO Complete this questions by entering your answers in the below tabs. Weighted Specific Id FERO UFO Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. C) FIFO Cost of Goods Available for Sale Cost of Goods of units Cost per a la tem unit All For S Cost of Goods Sold Ending Inventory of units Cost per cost of of units Cost Ending u nil Goods Soldi ending per un Inventory Inventory Beginning inventory Purchases Jan 20 Jan 30 Total So I Weighted Average LIFO > MO3 Ch 05 Homework Required information The following information applies to the questions displayed below.) Laker Company reported the following Jonuary purchases and sales data for its only product Units Acquired at Cost 215 units @ $14.00 - $3.610 Units sold at Retail (0429.36 Date Activities Jan. 1 Beginning inventory Jan, 1e Sales Jan, 20 Purchase Jan. 25 Sales Jan. 30 Purchase 168 units @ $13.00 2,850 165 units @ $23.00 190 units $23.00 355 units @ $12.00 73a units 4.250 $9.350 Totals 355 units Required: The Company uses a periodic inventory system. For specific identification, ending inventory consists of 375 units, where 355 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory Determine the cost assigned to ending inventory and to cost of goods sold using a specific identification, (b) weighted average. (FIFO and LIFO. Complete this questions by entering your answers in the below tabs. Specific Id Weighted Average FIFO Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. d) LIFO Cost of Goods Available for Sale Cost per cost of Goods Available for of units Cost of Goods Sold Ending Inventory of units Cost per Cost of wors Cost Ending sold unit Goods Sold in ending per unit Inventory inventory will Beginning inventory Purchases Jan 20 Jan 30 Total 0 FIFO