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 180 units 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

A. Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decimal places.)

B. Determine the cost assigned to ending inventory and to cost of goods sold using FIFO.

C.Determine the cost assigned to ending inventory and to cost of goods sold using LIFO.

Determine the cost assigned to ending inventory and to cost of goods sold using LIFO.

d) Periodic LIFO
	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			$	0				$	$
Purchases:
January 20				0				$
January 30							0
Total			$	0		$0			$