Q5. The following information extracted from the cost records during January 2023 Dates January 1 January 19 January 20 January 25 Particular Begging inventory Purchase Purchase 150 **** Cost per unit 25 3,000 1,250 3,000 Required: 1. Compute The Cost Of Goods Sold On January 25, 2023 Using First In First Out, Last In First Out And Weighted Average Methods

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Calculate cost of goods sold and ending inventory for Emergicare's bandages orders using FIFO, LIFO and average cost. There are 30 units in ending inventory. (Do not round your intermediate calculation and round your final answers to the nearest cent.) Units purchased Cost per unit $6.80 Date Total cost January 1 April 1 48 $ 326.40 38 6.80 258.40 June 1 60 5.80 348.00 September 1 53 6.80 360.40 Total 199 $1,293.20 Cost of goods sold Ending inventory FIFO LIFO Average cost

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. Activities Units Acquired at Cost 215 units @ $14.00 = $3,010 Date Units sold at Retail Jan. 1 Beginning inventory Jan. 10 Sales 165 units @ $23.00 Jan. 20 Purchase 160 units @ $13.00 = 2,080 Jan. 25 Sales 190 units @ $23.00 Jan. 30 Purchase 330 units @ $12.50 = 4,125 Totals 705 units $9,215 355 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 350 units, where 330 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…