Sequential recommendation aims to predict the next item based on historical interactions. To further enhance the reasoning capability in sequential recommendation, LLMs are employed to predict the next item or generate semantic IDs for item representation, given LLMs' extensive domain knowledge and reasoning ability. However, existing LLM-based methods suffer from two limitations. (i) The scarcity of recommendation data with reasoning paths makes it challenging to design suitable chain-of-thought prompting templates, and the full potential of LLMs' reasoning abilities remains underutilized. (ii) Upon obtaining semantic IDs, the LLMs and their representations are excluded from the subsequent recommendation model training, preventing downstream models from fully utilizing the rich semantic information encoded within these IDs. To address these issues, we propose a novel CoderRec framework, which is capable of fully exploiting the information encoded in semantic IDs to guide the recommendation process. Specifically, to address the problem of scarcity in reasoning path-augmented data, we introduce latent reasoning into sequential recommendation and treat the representation captured by the downstream model as domain-specific latent thought, enabling implicit logical inference without requiring explicit CoT annotations. To ensure that the downstream recommendation models are able to deeply leverage the semantic information within IDs, we propose a novel cross-scale model collaboration strategy, which employs cross-scale IDs and a two-phase approach to align LLM-derived semantics with recommendation objectives. Extensive experiments have shown the effectiveness of our proposed CoderRec framework.