# Use the following information for the Exercises below. [The following information applies to the questions displayed...

###### Question:

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 Unite Mequired at Coat 140 units $6.00 -$ 840 100 units $15 Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase 60 unita$5.00 300 80 units $15$4.50 180 units 380 unita The Company uses a perpetual inventory system. For specific identification, 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 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. 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 2 decimal places.) Specific Identification Available for Sale Cost of Goods Sold Purchase Date Activity Units Unit Cost ola Ending Inventory Ending Cost Par Ending Inventory inventory Units Cost Unit Cost COGS Beginning inventory Purchase Purchase < Prey 23 of 8 Next >
Required: 1. Complete the table to determine the cost assigned to ending Inventory and cost of goods sold using specific iden 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 weighted average. (Round cost per unit Weighted Average - Perpetual: Goods Purchased Cost of Goods Sold Inventory Balance of of units Cost per Date Cost per Cost of Goods unit Sold Cost per unit Inventory Balance January 1 140 @ $6.00 -$ 840.00 January 10 January 201 Average cost January 25 January 30 Totals < Required 1 Required 3 > < Prey 23 of 8 I N
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 UFO. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Determine the contened to ending inventory and to cost of goods sold using FIFO. (Round cost per un to decimal places) Goods Purchased Coup Cost of Goods Sold o n Cost per cost of Goods old it colper non s January 1405 6.00 - 14.00 January 10 January 20 Required 2 23 of 8 Next > MacBook Air
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 UFO: Goods Purchased  of Cost per Date cast of Goods Sold of units Cost per Cost of Goods Sold Inventory Balance Cost per Inventory unit Balance 140 @ $6.00 -$840.00 January 1 January 10 January 20 < Required 3 < Prev 23 of 8 Next > MacBook Air

#### Similar Solved Questions

##### Question 8 3 pts Suppose you estimate a multiple regression model using OLS and the coefficient...
Question 8 3 pts Suppose you estimate a multiple regression model using OLS and the coefficient of determination is very high (above 0.8), while none of the estimated coefficients are (individually) statistically different from zero at the 5-percent level of significance. The most likely reason for ...
##### 32. Which of the following compounds has the best leaving group? Briefly explain (4pts) N(CH3)3 ~...
32. Which of the following compounds has the best leaving group? Briefly explain (4pts) N(CH3)3 ~ N(CH3)2 III. They both have the same leaving group ability...
##### Question Completion Status: Path:p QUESTION 13 13) For the circuit below a. What is the polarity...
Question Completion Status: Path:p QUESTION 13 13) For the circuit below a. What is the polarity of the output voltage2 b. What is the amplitude of the voltage itself? TTT Arial 3(124) T. E . QUESTION 14 14 Draw the basic schematic of an electro-mechanical...
##### For the given vectors V, and V2, determine V1 + V2, V1 + V2, V1 -...
For the given vectors V, and V2, determine V1 + V2, V1 + V2, V1 - V2, V, X V2, V1 V2. Consider the vectors to be nondimensional. у V2 = 15 Vi = 11 4 3 28° --- V1 + V2 = 26 V, + V2 = k) V. - V2 = k) + i + Vix V2 = j+ k) V1 V2 =...
##### Given an income and expense scenario, determine net cash flow . You will be provided with...
Given an income and expense scenario, determine net cash flow . You will be provided with a table of income and expense values, and will find the monthly net cash flow. Recompute that cash flow with a lottery win of a specified amount. The following table shows income and expenses for Bobby. Income ...
##### Not sure how to approach these. Can they be solved using Stata? a. If Y is...
Not sure how to approach these. Can they be solved using Stata? a. If Y is distributed N(2,5), find Pr(Y>1). b. If Y is distributed t12, find Pr(Y>2.18). c. If Y is distributed t60, find Pr(-1.67≤Y≤1.67). d. If Y is distributed N(0,1), find Pr(-1.67≤Y≤1.67). e. Why are the answers ...
##### ORT ANSWER. Write the word er phrase thet best completes ach statement orwrs t question 17)...
ORT ANSWER. Write the word er phrase thet best completes ach statement orwrs t question 17) Determine whet te that are 32 MULTIPLE CHOICE. Choose the one alternative that best completes the statemest or answers the question 18) n a recent survey, 7у%ofthe community taweed building . po ce beta...
56. Demarco and Janine Jackson have been married for 20 years and have four children who qualify as their dependents (Damarcus, Janine, Michael, and Candice). The couple received salary income of $100,000, qualified business income of$10,000 from an investment in a partnership, and they sold their ...