IE Exercise $5-3($Static$)$: Perpetual: Inventory costing methods LO P$1$ Laker Company reported the following January purchases and sales data for its only product. The Company uses a perpetual inventory system.

Required: $1)$ Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. $($Also click

on the Weighted Average, FIFO, and LIFO Tabs below.$)$

For specific identification, ending inventory consists of the following units:

Notice that cost of goods sold, $$1,025$ plus ending inventory, $$925,$ equals cost of goods available for sale, $$1,950.-$aker Company reported the following January purchases and sales data for its only product. The Company uses a perpetual inventory system.

Required: $2.$ Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. aker Company reported the following January purchases and sales data for its only product. The Company uses a perpetual inventory system.

Determine the cost assigned to ending inventory and to cost of goods sold using FIFO.Laker Company reported the following January purchases and sales data for its only product. The Company uses a perpetual inventory system.

Determine the cost assigned to ending inventory and to cost of goods sold using LIFO.

Laker Company reported the following January purchases and sales data for its only product. The Company uses a perpetual

inventory system. For specific identification, ending inventory consists of $180$ units from the January $30$ purchase, $5$ units from the

January $20$ purchase, and $15$ units from beginning inventory.

Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification.

Determine the cost assigned to ending inventory and to cost of goods sold using weighted average.

Determine the cost assigned to ending inventory and to cost of goods sold using FIFO.

Determine the cost assigned to ending inventory and to cost of goods sold using LIFO.