Question

Required Information IThe tollowing information applies to the questions displayed below.) Laker Company reported the following January purchases and sales data for its only product. Units sold at Retain 165 unsts e $23.00 190 units @ $2.3.ee units Acquired at Cost Date an. 1 Beginning inventory Jan. 18 Sales Jan. 20 Purchase Jan. 25 Sales Jan, 38 Purchaste 215 units $14.88 $3,818 168 units a $13.00 2,880 338 units $12.58A,125 8 7e5 units Totals $9,215 355 units pany uses a perpetual inventory system. For specific identification, ending inventory consists of 350 units, where 330 are from the January 30 purchase. 5 are from the January 20 purchase, and 15 are from beginning inventory Required: 1. Compiete the table to determine the cost assigned to ending inventory and cost of goods sold using spec 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 cost assigned to ending inventory and cost of goods soid using specific identitication Complete this questions by entering your answers in the below tabs Required 1 Required 2 Required 3 Required 4 the table to determine the cost assigned to ending inventory and cost of sroods saold wsino specific identification. Available for Sale Cost of Goods Sold Ending Inventory ndaeCost Per Acivity UnisSold uitCostcoS eEndio Date Inventory Beginning inventory Purchase Purchase 215 160 330 705 Jan. 20 Jan 30 Required 2>

Answer 1