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

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

Date Activities Units Acquired at Cost Units sold at Retail
Jan. 1 Beginning inventory 175 units @ $ 10.00 = $ 1,750
Jan. 10 Sales 135 units @ $ 19.00
Jan. 20 Purchase 130 units @ $ 9.00 = 1,170
Jan. 25 Sales 140 units @ $ 19.00
Jan. 30 Purchase 250 units @ $ 8.50 = 2,125
Totals 555 units $ 5,045 275 units

The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 280 units, where 250 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 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.

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