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laker company reported the following january purchases and sales data for its only product omework Required information [The following information applies to the questions displayed

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omework Required information [The following information applies to the questions displayed below) Laker Company reported the following January purchases and sales data for its only product Date Activities Jan. 1 Beginning inventory Jan. 18 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals Units Acquired at Cost Units sold at Retail 140 units @ $6.00 - $ 840 100 units @ $ 15 60 units @ $5.00 300 80 units @ $ 15 180 units @ $4.50 - 810 380 units $1,950 180 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 200 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory. Required: 1. Complete the table to determine the costs assigned to ending inventory and to cost of goods sold using specific identification. 2. Determine the costs assigned to ending inventory and to cost of goods sold using weighted average. 3. Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. 4. Determine the costs assigned to ending inventory and to cost of goods sold using LIFO. 1 of 1 Next O a Required information Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Complete the table to determine the costs assigned to ending inventory and to cost of goods sold using specific identification Specific Identification Available for Sale Cost of Goods Sold Ending Inventory Ending Ending Cost Per Inventory Unit Inventory- Units Cost Units Units Activity Purchase Date Unit Cost COGS Unit Cost Sold Jan 1 Jan. 20 Jan. 30 Beginning inventory Purchase Purchase 140 $ 6.00 60 $ 5.00 180 $ 4.50 380 0 $ 0 0 $ 0 Required 2 > Next o DI a * 3 (hp)

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