Use these charts to answer the questions.
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 Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase 175 unitse $10.00 -$1,750 130 units 9.00 1,170 250 unita 8.50-2,125 135 unit $19.00 140 units $19.00 Totals 555 units $5,045 275 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 280 units, where 250 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning inventory Required: s 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 questions by entering your answers in the below tabs. Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. Prev 1 of 3Next 250 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 Complete this questions by entering your answers in the below tabs identification Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific Specific Identif Cost of Unit Units Ending Ending Cost Per Inventory Units Cost Unit Cost COGS Inventory- Date Unit 175 130 Jan. 20 Jan. 30 Prev 1 of 3 Next the cost assigned to ending inventory and to cost of goods sold using weighted average. e the cost assigned to ending inventory and to cost of goods sold using FIFO. the cost assigned to ending inventory and to cost of goods sold using LIFC. #of Date | #of units Cost perunits unit Sold 175 10.00$1,750.00 30 Prev 1 of 3 Next > the cost assigned to ending inventory and to cost of goods sold using LIFO and to cost of goods sold using FIFO. Cost #of 175$ 10.00 1,750.00 January 10 30 1 of 3 Next > 4. Determine the cost assigned to ending inventory and to cost of goods sold using LIFO Complete thls questions by entering your answers in the below tabs 3 1 Required 2 Required Required 4 ine the cost assigned to ending inventory and to cost of goods sold using LIFO LIFO: entory Balance of Goods Sold Cost per #of Cost per | # of units sold Cost of Goods | # of units 1 unit Cost per Inventory Date 175 e 10.00,750.00 January 10 January 25 January 30 Prev 1013 Next>
