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Laker Company reported the following January purchases and sales data for its only product. ActivitiesUnits Acquired at Cost Units sold at Retail Date Jan. 1

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Laker Company reported the following January purchases and sales data for its only product. ActivitiesUnits Acquired at Cost Units sold at Retail Date Jan. 1 Beginning inventory 145 unitse $7.00 $1,015 Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase 105 units 16.00 70 unitse $6.00420 85 units$16.00 190 unitse $5.501,045 $2,480 Totals 405 unitS 190 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 215 units, where 190 are from the January 30 purchase, 5 are from the January 20 purchase, and 20 are from 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 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 Complete this questions by entering your answers in the below tabs. Required Required 2Required 3 Required 4 Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. Specific ldentification Available for Sale Cost of Goods Sold Ending Inventory Ending Cost Per Inventory Ending Activity Units Unit Units Unit Cost coGs Inventory Unit Date Jan. 1 Jan. 20 Jan. 30 145 70 190 405 Beginning inventory Purchase Required 2>

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