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

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

Activities Units Acquired at Cost Units sold at Retail
Jan. 1 Beginning inventory 150 units @ $ 7.50 = $ 1,125
Jan. 10 Sales 110 units @ $ 16.50
Jan. 20 Purchase 80 units @ $ 6.50 = 520
Jan. 25 Sales 90 units @ $ 16.50
Jan. 30 Purchase 200 units @ $ 6.00 = 1,200
Totals 430 units $ 2,845 200 units

The Company uses a periodic inventory system. For specific identification, ending inventory consists of 230 units, where 200 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are 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.

a) Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory
# of units Cost per unit Cost of Goods Available for Sale # of units sold Cost per unit Cost of Goods Sold # of units in ending inventory Cost per unit Ending Inventory
Beginning inventory
Purchases:
Jan. 20
Jan. 30
Total 0 $0 0 $0 0 $0

PLEASE ANSWER FOR SPECIFIC ID, WEIGHTED AVERAGE, FIFO, AND LIFO.

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