Date Laker Company reported the following January purchases and sales data for its only product. 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. Units sold at Activities Units Acquired at Cost Retail Jan. 1 Beginning inventory 140 units @ $6.00 - $ 840 100 units & $25 Jan. 20 Purchase 60 unita & $5.00 - 300 Jan. 25 Sales 80 units @ $15 180 units $4.50 - 810 Totala 380 unita $1,950 180 units rev: 10_09_2020_AC_CS-233978 Jan. 10 Sales Jan. 30 Purchase 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. Answer is not complete. Complete this question by entering your answers in the tabs below. LIFO Specificid Weighted Average FIFO Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. Perpetual UFO Goods Purchased Costel Goods Sold Inventory Balance Cost of Date Cost of units Cost per units Cost of per sold of units unit Inventory Goods Sold per unit Balance unit 140 unit 140 # Specific id Weighted FIFO UFO Average Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. Perpetual LIFO: Goods Purchased Cost of Goods Sold Inventory Balance of Cost Cost Cost of units Cost of Inventory Date per per units per sold # of units unit Goods Sold Balance unit January 1 $6.00 840.00 January 10 100 $6.00 $ 600.00 40 $6.00 240.00 January 20 60 $5.00 40 $6.00 240.00 60 $5.00 300.00 $ 540.00 January 25 80 x @ $6.00 $ 480.00 20 $ $6.00 120.00 $5.00 0.00 20 * @ $5.00 100.00 $ 480,00 220.00 January 30 180 34.50 20@ $6.00 120.00 5 x @ $5.00 25.00 180 $4.50 810.00 Totals 1,000.00 255.00 B @ = @ . Specific Id Weighted FIFO LIFO Average Determine the cost assigned to ending Inventory and to cost of goods sold using FIFO. Perpetual FIFO: Goods Purchased Cost of Goods Sold Inventory Balance Cost Cost Cost Date of # of units Cost of Goods per per # of units per Inventory units sold unit Sold unit Balance January 1 140 $6.00 $ 840.00 January 10 100 @ $6.00 $ 600.00 $6.00 January 20 @ $5.00 40 $6,00 $ 240.00 unit > $5.00 $240.00 January 25 80 x $6.00 $ 480.00 40 x @ $6.00 - = $ 240,00 $5.00 0.00 $5.00 $ 480.00 $ 240,00 January 30 180 @ $4.50 > 20 x @ $120.00 @ $6.00 $5.00 $4.50 Totals $1,000.00 $120.00 Specific Id Weighted Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using welghted average punt to educa) Weighted Average- Perpetual: Goods Purchased Cost of Goods Sold Inventory_Balance Cost of of units Cost Date Cost Cost of Goods per units per Inventory # of units per unit sold Sold unit unit Balance January 1 140 $ 6.00 $ 840.00 January 100 $ 6.00 - $ 600.00 40 $ 6.00 $240.00 60 @ $ 5.00 40 @ $6.00 $ 240,00 60 $ 5.00 300.00 Average cost 100 $ 540.00 January 25 10 January 20 el January 30 180 $ 4.50 Totals 180 e $ 4.50 810.00 5000.00 180 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. * Answer is not complete. Complete this question by entering your answers in the tabs below. FIFO Specificid Weighted Average LIFO Complete the table to determine the cost assigned to ending Inventory and cost of goods sold using specific identification. Specific Identification Available for Sale Cost of Goods Sold Ending Inventory Cost of Cost of Ending Cost Ending Purchase Date Per units Per units COGS Inventory Per Inventory Unit sold Unit Units Unit Cost Jan. 1 Beginning Inventory 140 $ 6.00 125S 6.00 $ 750 15$ 6.00 90 Jan. 20 Purchase 60 $ 5.00 55$ 6.00 275 5S 6.00 25 Jan. 30 Purchase 180 0 180 S 4.50 380 180 1,025 200 25 $4.50 810