ACCOUNTING 1

accounting 1 - Accounting
PLACE ORDER
Assignment Details Laker Company reported the following January purchases and sales data for its only product. 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. Required steps for this assignment: Review the Unit 4 IP Model Problem before beginning this assignment Use this ACCT201_U4_IP_template to complete your assignment. Complete the Specific Identification tab to determine the cost assigned to ending inventory and cost of goods sold using specific identification tab. Determine the cost assigned to ending inventory and to cost of goods sold using FIFO (First In First Out) tab. Determine the cost assigned to ending inventory and to cost of goods sold using LIFO (Last In Last Out) tab. View the Individual Project Demo for guidance on how to submit your Individual Project via the Virtual Classroom or the CTU Mobile app. Please submit your assignment.Unit 4 IP Model Problem 1 LLK Company reported the following January purchases and sales data for its only product. Date Jan. 1 Beginning inventory $1,400 Jan. 10 Sales 160 units @ $18.00 = $2,880 Jan. 20 Purchase 1,020 Jan. 25 Sales 100 units @ $18.00 = $1,800 Jan. 30 Purchase 944 510 units $3,364 260 units $4,680 150 units @ $6.80 = 160 units @ $5.90 = LLK uses a perpetual inventory system. Determine the cost assigned to cost of goods sold using specific identification, weighted average, FIFO, and LIFO. Units Acquired at Cost Units sold at RetailActivities 200 units @ $7.00 = 2 Reminder: Cost of Goods Sold is found by the following formula: Beginning Inventory + Purchases = Cost of Goods Available for Sale – Ending Inventory = Cost of Goods Sold Date Activity Units Unit Cost Units Sold Unit Cost COGS Ending Inventory Units Cost per Unit Ending Inventory Cost Jan. 1 Beg. Inv. 200 $7.00 180 $7.00 $1,260 20 $7.00 $140 Jan. 20 Purchase 150 $6.80 80 $6.80 544 70 $6.80 476 Jan. 30 Purchase 160 $5.90 0 $5.90 0 160 $5.90 944 $1,804 $1,560 Beginning inventory $1,400 Purchases 1,964 Cost of goods available for sale 3,364 Ending inventory (1,560) Cost of goods sold $1,804 For specific identification, ending inventory consists of 250 units, where 160 are from the January 30 purchase, 70 are from the January 20 purchase, and 20 are from beginning inventory. 1. Determine the cost assigned to ending inventory and to cost of goods sold using specific identification. Ending InventoryCost of Goods SoldAvailable for Sale Total 260 250 Date Jan. 1 Beginning inventory $1,400 Jan. 10 Sales 160 units @ $18.00 = $2,880 Jan. 20 Purchase 1,020 Jan. 25 Sales 100 units @ $18.00 = $1,800 Jan. 30 Purchase 944 510 units $3,364 260 units $4,680 150 units @ $6.80 = 160 units @ $5.90 = Units Acquired at Cost Units sold at RetailActivities 200 units @ $7.00 = 3 2. Determine the cost assigned to ending inventory and to cost of goods sold using perpetual FIFO. Date Jan. 1 Beginning inventory $1,400 Jan. 10 Sales 160 units @ $18.00 = $2,880 Jan. 20 Purchase 1,020 Jan. 25 Sales 100 units @ $18.00 = $1,800 Jan. 30 Purchase 944 510 units $3,364 260 units $4,680 150 units @ $6.80 = 160 units @ $5.90 = Units Acquired at Cost Units sold at RetailActivities 200 units @ $7.00 = Date Units Unit Cost Units Sold Unit Cost COGS # of units Unit Cost Inventory Balance Jan. 1 200 $7.00 200 $7.00 $1,400.00 Jan. 10 160 $7.00 $1,120.00 40 $7.00 280.00 Jan. 20 150 $6.80 40 $7.00 280.00 150 $6.80 1,020.00 190 1,300.00 Jan. 25 40 $7.00 280.00 0 $7.00 0.00 60 $6.80 408.00 90 $6.80 612.00 688.00 90 612.00 Jan. 30 160 $5.90 0 $7.00 0.00 90 $6.80 612.00 160 $5.90 944.00 Total $1,808.00 250 $1,556.00 Beginning Inventory $1,400.00 Purchases 1,964.00 Cost of goods available for sale 3,364.00 Ending inventory (1,556.00) Cost of goods sold $1,808.00 Goods purchased Cost of Goods Sold Ending Inventory 4 3. Determine Data 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. Date Activities Units Acquired at Cost Units sold at Retail Jan. 1 Beginning inventory 140  units @ $ 6 = $ 840 Jan. 10 Sales 100  units @ $ 15 Jan. 20 Purchase 60  units @ $ 5 = 300 Jan. 25 Sales 80  units @ $ 15 Jan. 30 Purchase 180  units @ $ 4.5 = 810 Totals 380  units $ 1,950 180  units 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. Specific ID Specific Identification Goods Purchased Cost of Goods Sold Inventory Balance Date # of units Cost per unit # of units sold Cost per unit Cost of Goods Sold # of units Cost per unit Inventory Balance 1-Jan 140 @ $0.00 January 10 100 @ $ - 0 40 @ $0.00 $0.00 January 20 $5.00 40 @ $ 6.00 = $240.00 0 @ $ 5.00 $0.00 $240.00 25-Jan @ $ 6.00 = $ - 0 @ $ 6.00 = $ - 0 @ $ 5.00 = $ - 0 @ $ 5.00 = $ - 0 $ - 0 30-Jan 180 @ 0 @ $ 6.00 $ - 0 0 @ $ 5.00 $ - 0 $0.00 $ - 0 Totals ERROR:#VALUE! 0 $ - 0 FIFO Perpetual FIFO: Goods Purchased Cost of Goods Sold Inventory Balance Date # of units Cost per unit # of units sold Cost per unit Cost of Goods Sold # of units Cost per unit Inventory Balance 1-Jan 140 @ $0.00 January 10 100 @ $ - 0 40 @ $0.00 $0.00 January 20 $5.00 40 @ $ 6.00 = $240.00 0 @ $ 5.00 $0.00 $240.00 25-Jan @ $ 6.00 = $ - 0 @ $ 6.00 = $ - 0 @ $ 5.00 = $ - 0 @ $ 5.00 = $ - 0 $ - 0 30-Jan 180 @ @ $ 6.00 $ - 0 0 @ $ 5.00 $ - 0 $0.00 $ - 0 Totals ERROR:#VALUE! $ - 0 LIFO Perpetual LIFO: Goods Purchased Cost of Goods Sold Inventory Balance Date # of units Cost per unit # of units sold Cost per unit Cost of Goods Sold # of units Cost per unit Inventory Balance 1-Jan 140 @ $0.00 January 10 100 @ $0.00 $ - 0 40 @ $0.00 $0.00 January 20 $5.00 40 @ $ 6.00 = $240.00 0 @ $ 5.00 $0.00 $240.00 1 25-Jan @ $ 6.00 = $ - 0 @ $ 6.00 = $ - 0 @ $ 5.00 = $ - 0 @ $ 5.00 = $ - 0 $ - 0 30-Jan 180 @ @ $ 6.00 $ - 0 @ $ 5.00 $ - 0 $0.00 $ - 0 Totals ERROR:#VALUE! $ - 0
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Your assignment may be more than 5 paragraphs but not less. INSTRUCTIONS:  To access the FNU Online Library for journals and articles you can go the FNU library link here:  https://www.fnu.edu/library/ In order to n that draws upon the theoretical reading to explain and contextualize the design choices. Be sure to directly quote or paraphrase the reading ce to the vaccine. Your campaign must educate and inform the audience on the benefits but also create for safe and open dialogue. A key metric of your campaign will be the direct increase in numbers.  Key outcomes: The approach that you take must be clear Mechanical Engineering Organic chemistry Geometry nment Topic You will need to pick one topic for your project (5 pts) Literature search You will need to perform a literature search for your topic Geophysics you been involved with a company doing a redesign of business processes Communication on Customer Relations. 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Furman was originally sentenced to death because of a murder he committed in Georgia but the court debated whether or not this was a violation of his 8th amend One of the first conflicts that would need to be investigated would be whether the human service professional followed the responsibility to client ethical standard.  While developing a relationship with client it is important to clarify that if danger or Ethical behavior is a critical topic in the workplace because the impact of it can make or break a business No matter which type of health care organization With a direct sale During the pandemic Computers are being used to monitor the spread of outbreaks in different areas of the world and with this record 3. Furman v. Georgia is a U.S Supreme Court case that resolves around the Eighth Amendments ban on cruel and unsual punishment in death penalty cases. The Furman v. Georgia case was based on Furman being convicted of murder in Georgia. 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