Question: posting 2nd time ..so give correct ans I have upload all detail Required information Use the following information for the Exercises below. (Algo) [The following


![[The following information applies to the questions displayed below.] Laker Company reported](https://dsd5zvtm8ll6.cloudfront.net/si.experts.images/questions/2024/09/66ea7091946fd_27366ea709135818.jpg)






posting 2nd time ..so give correct ans
I have upload all detail
Required information Use the following information for the Exercises 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 202 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 17 are from beginning inventory. Exercise 5-5A (Algo) Perpetual: Inventory costing LO P3 Exercise 5-5A (Algo) Perpetual: Inventory costing LO P3 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 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. Required information Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. Note: Round cost per unit to 2 decimal places. Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. Required information January 20 January 25 January 30 Totals : 1 . Determine the cost assigned to ending inventory and to cost of goods sold using LIFO
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
