Laker Company reported the following January purchases and sales data for its only product.

Required
The company uses a perpetual inventory system. Determine the cost assigned to ending inventory and to cost of goods sold using

(a) Specific identification,

(b) Weighted average

(c) FIFO, and

(d) LIFO.
(Round per unit costs and inventory amounts to cents.) For specific identification, ending inventory consists of 180 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory.

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Date Jan. 1 Jan. 10 Jan. 20 Jan. 25 Jan. 30 Activities Beginning inventory.... Sales ...... Purchase Sales .... Purchase Totals. Units Acquired at Cost 140 units @ $6.00 = $ 840 60 units @ $5.00 = 180 units @ $4.50= 380 units 300 810 $1,950 Units Sold at Retail 100 units @ $15 80 units @ $15 180 units