Jx A B C D E F G H J K 1 2 Laker Company reported the following January purchases and sales data for its only product. The Company uses a perpetual inventory system. Required: 2. Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. 3 4 Date Activities Units Acquired at Cost Units sold at Retail 5 Units Cost Total cost Units Selling Total Sales per unit price per 6 January 01 Beginning inventory 140 $6.00 $840 7 January 10 Sales 100 $15.00 $1,500 8 January 20 Purchase 60 $5.00 300 9 January 25 Sales 80 $15.00 $1,200 10 January 30 Purchase 180 $4.50 810 11 Totals 380 $1,950 180 $2,700 12 13 Weighted Average Cost of Goods Sold Inventory Balance Units Cost 14 Cost of goods Units Cost per Total Cost Date Activities per unit sold unit 15 January 01 Beginning inventory 140 $6.00 $840.00 16 January 10 Sales 100 $6.00 $600.00 40 $6.00 $240.00 17 January 20 Purchase 100 $5.00 $500.00 18 January 25 Sales 80 $11.40 $912.00 20 $11.40 $228.00 19 January 30 Purchase 20 Totals 180 $1,512.00 Compute the average cost per unit on this date. 23 24 E Specific Identifi