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Required informatiorn Use the following information for the Exercises below The following information applies to the questions displeyed below Laker Company reported the following January purchoses and sales deta for its only product s cost o Expert Answ L293 ans Un its sold at te ActivitienUnits Acquired at Cost Reta Jan- inventorY Jan.10 Sales Jan.20 Purchase 60 unitses5.00 300 Correct 2012 to Beginning140 unitst6.00$ 840 100 units $15 Jan.25 Sales Jan.30 Purchase 180 unitse$4.50810 Totals 380 units $1,950 180 units Purchas Gross Profit Exercise 5-5A Periodic: Inventory costing LO P3 Required: The Company uses a periodic inventory system. For specific identfication, ending inventory consists of 200 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory Determine the cost assigned to ending inventory and to cost of goods sold using specific identification (th weighted average, FFa and ( LFO. cost of ga Complete this questions by entering your answers in the below tabs. Specific |Weighted! FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cost Id Average Purchase per unit to 2 decimal places.) b) Average Cost Cost of Goods Sold Ending Inventory COGS coet ! |Average) Cost of |#0f units!Average Cost Goods in ending C Average: #Of Cost Inventory per unit Available units for Sale sold per Unit Sold Inventory per unit Sales Beginning inventory 140 Purchases: 840 COGS an. 20 an. 30 180 380 810 Profit Total S 1,950 180 200 Comment

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