You Tube Maps er 5 Homework Saved Saved Help Save & Exit SL Check my w Laker Company reported the following January purchases and sales data for its only product. Units sold at Retail Units Acquired at Cost 190 units@ $7.00 - $1,330 150 units @ $16.00 Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals 110 units @ $6.00 = 660 130 units @ $16.00 280 units@ $5.50 - 580 units 1,540 $3,530 280 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 300 units, where 280 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 spec 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. 5 Homework Saved Help Save & Exit Submit Check my work Required information quired 1 Required 2 Required 3 Required 4 nplete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. (RC bes. ific Identification Available for Sale hase Date Activity Units Unit Cost 1 190 $ 7.00 Cost of Goods Sold Ending Inventory Units Ending Ending Unit Cost Cost Per COGS Sold Inventory Inventory Unit Units Cost 175 $ 7.00 1,225 15 s 7.00 5 105 1050 $ 6.00 $ 630 5 $ 6.00 $ 30 0 280 $ 5.50 $ 1,540 280 $ 1,855 300 S 1,675 $ Beginning inventory Purchase Purchase 20 110 $ 6.00 $ 5,50 30 280 580 Required 2 > Tel 5 FUNCWUIN Check my Required information Weighted Average - Perpetual: Goods Purchased Cost of Goods Sold Inventory Balance Cost per Cost per unit Date # of units sold # of units # of units Inventory Balance Cost per Cost of Goods Sold unit unit 190@ $ 7.00 = $ 1,330.00 January 1 January 10 January 20 nces Average cost January 25 January 30 Totals Check my work ! Required information Goods Purchased Cost of Goods Sold Cost per Cost per Cost per Date # of units # of units sold Cost of Goods Sold Inventory Balance # of units Inventory unit Balance 190 @ $ 7:00 = $ 1.330.C unit unit January 1 January 10 January 20 January 25 January 30 Totals 11:09 AM Check my work Required information Goods Purchased # of units unit Cost per Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Inventory Balance # of units Inventory unit Balance Cost per Date 190 @ S 700 = $ 1,330,00 January 1 401 @ January 10 Janualy 20 40 January 25 January 30 Totals 11:49 AM 11/4/2020 O here to search