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

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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. Date January 1 January 10 January 201 January 25 January 30 Activities Beginning inventory Sales Purchase Sales Purchase Totals 140 units Units Acquired at Cost @$ 6.00- Units sold at Retail $840 100 units @ $15 60 units $5.00 - 300 80 units @$15 180 units 380 units @ $4.50- 810 $1,950 180 units The Company uses a periodic 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. Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (c) FIFO, and (d) LIFO. Answer is not complete. Complete this question by entering your answers in the tabs below. 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) Weighted average Periodic Ending Inventory Cost of Goods Available for Sale Cost of Goods Sold Cost of # of units Average Cost per unit. # of Goods Available for Sale units. sold Average Cost Cost of # of units Goods per Unit Sold in ending inventory Average Cost per unit Ending Inventory 140 840 Beginning inventory Purchases January 20 60 300 January 30 180 810 Total 380 $ 1,950 S 0 $ 0 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. Date January 1 January 10 January 201 January 25 January 30 Activities Beginning inventory Sales Purchase Sales Purchase Totals 140 units Units Acquired at Cost @$ 6.00- Units sold at Retail $840 100 units @ $15 60 units $5.00 - 300 80 units @$15 180 units 380 units @ $4.50- 810 $1,950 180 units The Company uses a periodic 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. Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (c) FIFO, and (d) LIFO. Answer is not complete. Complete this question by entering your answers in the tabs below. 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) Weighted average Periodic Ending Inventory Cost of Goods Available for Sale Cost of Goods Sold Cost of # of units Average Cost per unit. # of Goods Available for Sale units. sold Average Cost Cost of # of units Goods per Unit Sold in ending inventory Average Cost per unit Ending Inventory 140 840 Beginning inventory Purchases January 20 60 300 January 30 180 810 Total 380 $ 1,950 S 0 $ 0