1 28 points eBook Hint Ask Print References Mc Required information Use the following information for the Exercises 3-7 below. (Algo) [The following information applies to the questions displayed below.] Laker Company reported the following January purchases and sales data for its only product. For specific identification, ending inventory consists of 355 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. Date January 1 January 10 January 20 January 25 January 30 Activities Beginning inventory Sales Purchase Sales Purchase Totals Units 215 units Assume the perpetual inventory system is used. Required: Acquired at Cost $14.00 = @ 160 units @ 355 units @ 730 units $ 13.00 = Exercise 5-3 (Algo) Perpetual: Inventory costing methods LO P1 $ 11.00 = Prev 1 of 1 $3,010 www www 2,080 3,905 $ 8,995 Units sold at Retail 165 units 190 units 355 units Next > @ 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. @ $23.00 $23.00 Ch

Required information Use the following information for the Exercises 3.7 below. (Algo) The following information appiles to the questions displayod below] Laker Company reported the following January purchases and sales data for its only proctuct. For specific identification, ending inventory consists of 355 units from the January 30 purchase, 5 units from the Jantary 20 purchase, and 15 units from begirning inventory. Exercise 5.3 (Algo) Perpetual: Inventory costing methods LO P1 Assurne the perpetuat inventory system is used: Required: 1. Complete the table to determine the cost assigned to ending umentory and cost of poods sold using specilcidentikeatian. 2. Determine the cost assigned to ending inventory and to cost of ooods sold using wolphted average 3. Deteimine the cost assigried to ending inventory and to cost of poods sold using fifo. 4. Determite the cost estigried to ending inventory and to cost of noods sold winn lifo: Required information Use the following information for the Exercises 3-7 below. (Algo) [The following information applies to the questions displayed below] Laker Company reported the following January purchases and sales data for its only product. For specific identification. ending inventory consists of 355 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning imventory. Exercise 5-3 (Algo) Perpetual: Inventory costing methods LO P1 Assume the perpetual inventory system is used. 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 welghted 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