Check ! Required information [The following information applies to the questions displayed below.] Laker Company reported the following January purchases and sales data for its only product. Units sold at Retail Units Acquired at Cost 140 units @ $6.00 = $ 840 100 units @ $ 15 Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals 60 units @ $5.00 = 300 80 units @ $ 15 810 180 units @ $4.50 = 380 units $1,950 180 units Required: The Company uses a periodic 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. Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (c) FIFO, and (c) LIFO. Complete this question by entering your answers in the tabs below. Specific Id Weighted Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decimal places.) b) Weighted average - Periodic Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Required: The Company uses a periodic 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. 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. Complete this question by entering your answers in the tabs below. Specific Id Weighted Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decimal places.) b) Weighted average - Periodic Cost of Goods Available for Sale Cost of Goods Sold Average cost of Goods # of units Cost per Available for unit Sale # of units sold Average Cost per Unit Cost of Goods Sold Ending Inventory # of units Average Ending in ending Cost Inventory inventory per unit Beginning inventory 160 1,360 Purchases: Jan. 20 100 750 Jan. 30 220 1,540 Total 480 $ 7.66 $ 3,650 O $ Required: The Company uses a periodic 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. Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (c) FIFO, and (c) LIFO. Complete this question by entering your answers in the tabs below. Specific Id Weighted Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. d) Periodic LIFO Cost of Goods Available for Sale Cost of Goods Sold Cost per Cost per unit # of units Cost of Goods Available for Sale # of units sold Ending Inventory # of units Cost in ending Ending inventory per unit Inventory Cost of Goods Sold unit Beginning inventory 160 8.50 $ 1,360 Purchases: Jan. 20 100 7.50 750 Jan. 30 220 7.00 1,540 Total 480 3,650 0 $ 0 0 Required: The Company uses a periodic 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. Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (c) FIFO, and (c) LIFO. Complete this question by entering your answers in the tabs below. Specific Id Weighted Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using specific identification. For specific identification, ending inventory consists of units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory. a) Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Cost per # of units Cost per unit Cost of Goods Available for Sale # of units sold Cost of Goods Sold Ending Inventory # of units Cost Ending in ending Inventory inventory 15 $ 8.50 $ 128 unit per unit Beginning inventory 160 $ 8.50 $ 1,360 145 $ 8.50 $ 1,233 Purchases: Jan. 20 100 $ 7.50 750 95 $ 7.50 713 5 $ 7.50 38 Jan. 30 220 $ 7.00 1,540 0 220 $ 7.00 1,540 Total 480 $ 3,650 240 $ 1,946 240 1,706 Specific Id Weighted Average