Laker Company reported the following January purchases and sales data for its only product. The Company uses a periodic inventory system. For specific identification, ending inventory consists of 216 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 31 are from beginning inventory.

Date		Activities	Units Acquired at Cost								Units sold at Retail
Jan.	1	Beginning inventory	148	units	@	$	6.00	=	$	888
Jan.	10	Sales										92	units	@	$	15.00
Jan.	20	Purchase	68	units	@	$	5.00	=		340
Jan.	25	Sales										88	units	@	$	15.00
Jan.	30	Purchase	180	units	@	$	4.50	=		810
		Totals	396	units					$	2,038		180	units

rev: 10_14_2020_QC_CS-233978

Exercise 5-5A (Algo) Perpetual: Inventory costing LO P3

Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. Determine the cost assigned to ending inventory and to cost of goods sold using weighted average.. Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. Determine the cost assigned to ending inventory and to cost of goods sold using LIFO.