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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

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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 information The fotrowing information applies to the questions displayod below) Laker Company reported the following January purchases and sales data for its only product. For specific identification. ending inventory consists of 190 units from the January 30 purchase, 5 units from the January 20 purchase, and 20 units from beginning inventory. Astume the perpetual ieventory system is used. Required: 2. Compicte the table to cetermine the cost assigned to ending inventory and cost of poods sold using specific identification. 2. Determine the cost assigned to ending imventory and to cost of goods sold using welghted average. 3. Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. 4. Determine the cost assigned to ending imventory and to cost of goods sold using LiFO. Complete this question by entering your answers in the tabs below. Determine the cost assigned to ending inventory and to cost of goods sold using Lifo. \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline \multicolumn{15}{|c|}{ Bergetual FiFO: } \\ \hline \multirow{3}{*}{\begin{tabular}{l} Date \\ Saruary 1 \end{tabular}} & \multicolumn{3}{|c|}{ Goode Putchased: } & \multicolumn{5}{|c|}{ Cost of Goods Sold } & \multicolumn{6}{|c|}{ Inventory fialance } \\ \hline & \multicolumn{2}{|c|}{ Fot unils } & \multirow{2}{*}{\begin{tabular}{c} Cost por \\ unit \\ t \end{tabular}} & \multicolumn{2}{|l|}{\begin{tabular}{l} of units \\ sold \end{tabular}} & \multirow[t]{2}{*}{\begin{tabular}{c} Cost per \\ unit \end{tabular}} & \multicolumn{2}{|c|}{\begin{tabular}{l} Cost of Goods \\ Sold \end{tabular}} & \multicolumn{2}{|c|}{ If of units: } & \begin{tabular}{c} Cost por \\ unit \end{tabular} & \multicolumn{3}{|c|}{ Inventory Balanco } \\ \hline & & & & & & & & & 145 & at & 57.00 & = & s & 1,015.00 \\ \hline January 10 & & & & 145 & ot. & 57.00 & = & \$ 1,01500 & 145 & at & 57.00 & = & $ & 1,015.00 \\ \hline \multirow{2}{*}{ Lanuary 20} & 70 & at & 56.90 & & & & & & 420 & at & 57.00 & = & s & 2,940.00 \\ \hline & & & & & & & & & & ot & $6,00 & & & \\ \hline Totel Jaruary 20 & & & & & & & & & & & & & s & 2,940.00 \\ \hline \multirow{2}{*}{ dinuary 25} & & & & BS & at & 57.00 & * & $50500 & 85. & at & $7.00 & & $ & 595.00 \\ \hline & & & & 65) & at & 8600 & = & 510.00 & 85 & at & $6.00 & & 5 & 510.00 \\ \hline Totad danuary 25 & & & & & & & & $1,10500 & & & & & s & 1,10500 \\ \hline \multirow{3}{*}{ Lanuary 30} & 100 & a & 5.50 & & & & & & a) & at & $7.00 & & & \\ \hline & & & & & & & & & & at & $6.00 & & & \\ \hline & & & & & & & & & & at: & $5.50 & & & \\ \hline Totals & & & & & & & & & & & & & & \\ \hline \end{tabular}

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