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begin{tabular}{|c|c|c||c|} hline begin{tabular}{c} Specific Identification end{tabular} & begin{tabular}{c} Weighted Average end{tabular} & FIFO & LIFO hline end{tabular} Complete the table to determine
\begin{tabular}{|c|c|c||c|} \hline \begin{tabular}{c} Specific \\ Identification \end{tabular} & \begin{tabular}{c} Weighted \\ Average \end{tabular} & FIFO & LIFO \\ \hline \end{tabular} Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. Specific identification Weighted Average Laker Company reported the following January purchases and sales data for its only product. For specific identification, ending inventory consists of 340 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. ssume the perpetual inventory system is used. equired: 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 ending inventory and to cost of goods sold using weighted average. 3. Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. 4. 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|} \hline \multicolumn{13}{|c|}{ Weighted Average - Perpetual: } \\ \hline \multirow[b]{2}{*}{ Date } & \multicolumn{2}{|c|}{ Goods Purchased } & \multicolumn{3}{|c|}{ Cost of Goods Sold } & \multicolumn{7}{|c|}{ Inventory Balance } \\ \hline & \# of units & \begin{tabular}{c} Cost per \\ unit \end{tabular} & \begin{tabular}{c} \# of units \\ sold \end{tabular} & \begin{tabular}{c} Cost per \\ unit \end{tabular} & \begin{tabular}{c} Cost of Goods \\ Sold \end{tabular} & \multicolumn{2}{|l|}{ \# of units } & \multicolumn{2}{|c|}{ Cost per unit } & \multicolumn{3}{|c|}{ Inventory Balance } \\ \hline January 1 & & & & & & 210 & at & $ & 13.50 & = & $ & 2,835.00 \\ \hline \multicolumn{13}{|l|}{ January 10} \\ \hline \multirow{2}{*}{\multicolumn{13}{|c|}{ January 20}} \\ \hline & & & & & & & & & & & & \\ \hline \multicolumn{13}{|c|}{ Average cost January 20} \\ \hline \multicolumn{13}{|l|}{ January 25} \\ \hline \multirow{2}{*}{\multicolumn{13}{|c|}{ January 30}} \\ \hline & & & & & & & & & & & & \\ \hline Totals & & & & & & & & & & & & \\ \hline \end{tabular}
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