Question: Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.) Laker Company reported the following January

 Required information Use the following information for the Exercises below. [The
following information applies to the questions displayed below.) Laker Company reported the

Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.) Laker Company reported the following January purchases and sales data for its only product Units sold at Retail 170 units $23.50 Date Activities Unita Aequired at Cost Jan. 1 Beginning inventory 220 units@ $14.50 - $3,190 Jan. 10 Salem Jan. 20 Turchase 170 unitse $13.50 - 2,295 Jan. 25 Sales Jan. 30 Purchase 340 units $13.00 - 4.420 Zotals 730 units $9,905 200 units $23.50 370 units The Company uses a perpetual Inventory system. For specific identification, ending inventory consists of 360 units, where 340 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory. Exercise 5-3 Perpetual: Inventory costing methods LO P1 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. Complete this question by entering your answers in the tabs below. Prey 1 of 1 : Nord Required information 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. (Round cost per unit to places.) Specific Identification Available for Sale Cost of Goods Sold Purchase Date Activity Unit Cost Units Ending Inventory Ending Ending Cost Per Inventory Unit Inventory. Units Cout Units Sold Unit Cost COGS Jan. 1 Jan. 20 Beginning inventory Purchase Purchase 220 170 340 730 Jan. 30 0 $ Required 2 >

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