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Required information The following information applies to the questions displayed below! Laker Company reported the following January purchases and sales data for its only product Date Activities Units Acquired at Cost Units sold at Retail Jan, 1 Beginning Inventory 220 units 514.50 - $3,190 an. 10 Sales 170 units @ $23.5e Jan. 20 Purchase 170 units $13.50 2,295 Jan. 25 Sales 200 units # $23.50 Jan. 38 Purchase 340 units. 513.00 - 42420 Totals 730 units $9,905 370 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 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 ursit to 2 decimal places.) Specific Identification Available for Sale Pancaste Cost of Goods Solid Uns Sok COGS Unit Cast Activity Cost Enig CON Per Inventory Units Jan 1 Jan 20 Jan. 30 Beginning inventory Purchase Purchase 220 170 340 730 01 $ 0 0 5 Required 2 > 1. Complete the table to determine the cost asigned to ending inventory and cost of goods or specific identification 2. Determine the cost assigned to ending vertory and to cost of goods sold using weighted wverage 3. Determine the cost assigned to ending inventory and to cost of goods sold 4. Determine the cost signed to ending inventory and to cost of goods sold using UFO Complete this question by entering your answers in the tabs below Red Med 2 Required a Red 4 Determine the cost assigned to ending inventory and to cost of goods sold using weighted average (Round cost per un to 2 decimal places) Wished Average-Pertual: Good etches Costo Cod Sold mory Dan Wor od units Cost per Cont of Goods soki ht Sald of units Costi unt Janart 220 514505 3.190.00 do 10 January 20 CON B Average cosi 25 Sanuary 30 Total 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 Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. (Round cost per unit to 2 decimal places.) Perpetual LIEO: Goods Purchased of Cost per Date Cost of Goods Sold # of units Cost por Cost of Goods sold unit Sold units unit Inventory Balance Cost per # of units Inventory unit Balance 220 @ $ 14.50 = $ 3,190.00 January 1 January 10 January 20 January 25 January 30 Tolals Required 3 Required 4

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