(Graded) Saved Check my work mode : This shows what is correct or incorrect for the work you have completed se Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below) Laker Company reported the following January purchases and sales data for its only product. Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals Units Acquired at Cost Units sold at Retail 225 units e $15.00 - $ 3,375 175 units $24.00 180 units@ $14.00 2,520 210 units $24.00 385 unitse $13.00 - 5,005 790 units $10,900 385 units Exercise 5-5A Periodic: Inventory costing LO P3 Required: The Company uses a periodic inventory system. For specific identification, ending inventory consists of 405 the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory. Dete ending inventory and to cost of goods sold using (2) specific identification, (b) weighted average. (FIFO, ar Answer is complete but not entirely correct. Complete this questions by entering your answers in the below tabs. G Search or type URI 12 Answer is complete but not entirely correct. Complete this questions by entering your answers in the below tabs. 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) Average Cost Cost of Goods Available for Sale Cost of #of Average Cost per Goods units unit Available for Sale 225 $ 3,375 # of units sold Cost of Goods Sold Average Cost of Cost per Goods Unit Sold Ending Inventory # of units Average Ending Cost per In ending Inventory unit Inventory Beginning inventory Purchases Jan 20 Jan 30 Total 180 385 790 2.520 5,006 10.900 $ 14.00 $ 405 14.00 $ 5,670 385 14.00 5,390 MacBook Pro