Laker Company reported the following January purchases and sales data for it's only product.

Date	Activities	Units Acquired at Cost	Units sold at Retail
Jan. 1	Beginning Inventory	155 units @ $8.00= 1,240
Jan. 10	Sales		115 units @ $17.00
Jan. 20	Purchase	90 units @ $7.00= 630
Jan. 25	Sales		95 units @ $17.00
Jan. 30	Purchase	210 units @ $6.50= 1,365

Totals 455 units 3,235 210 units

The company uses a perpetual inventory system. For specific identification, ending inventory consists of 245 units, where 210 are for January 30 purchase, 5 are from January 20 purchase, and 30 are from the beginning inventory.

Required

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 cost of goods sold using weighted average.

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

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

Complete this question by entering your answers in the tab below.

Required 1 Required 2 Required 3 Required 4