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 180units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory.

Date	Activities	Units Acquired at Cost	Units sold at Retail
January 1	Beginning inventory	140	units	@	$ 6.00	=	$ 840
January 10	Sales							100	units	@	$ 15
January 20	Purchase	60	units	@	$ 5.00	=	300
January 25	Sales							80	units	@	$ 15
January 30	Purchase	180	units	@	$ 4.50	=	810
	Totals	380	units				$ 1,950	180	units

rev: 10_06_2020_QC_CS-232448 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.

Specific Identification
Purchase Date	Available for Sale	Cost of Goods Sold	Ending Inventory
Activity	# of units	Cost Per Unit	# of units sold	Cost Per Unit	COGS	Ending Inventory- Units	Cost Per Unit	Ending Inventory- Cost
January 1	Beginning inventory	140
January 20	Purchase	60
January 30	Purchase	180
		380