Question: fix the red wrong answers, not sure why its wrong, just show me answers in red Required information Use the following information for the Exercises
fix the red wrong answers, not sure why its wrong, just show me answers in red
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Use the following information for the Exercises below. Algo
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Laker Company reported the following January purchases and sales data for its only product. For specific identification, ending inventory consists of units, where are from the January purchase, are from the January purchase, and are from beginning inventory.
DateActivitiesUnits Acquired at CostUnits sold at RetailJanuary Beginning inventoryunits@$ $ January Salesunits@$ January Purchaseunits@$ January Salesunits@$ January Purchaseunits@$ Totalsunits$ units
Exercise A Algo Perpetual: Inventory costing LO P
Assume the perpetual inventory system is used.
Required:
Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification.
Determine the cost assigned to ending inventory and to cost of goods sold using weighted average.
Determine the cost assigned to ending inventory and to cost of goods sold using FIFO.
Determine the cost assigned to ending inventory and to cost of goods sold using LIFO.
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