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laker company reported the following January purchases and sales data for its only product. 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.
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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. DateActivitiesUnits Acquired at costUnits sold at Retail Jan. 1 Beginning inventory 185 unitse $11.002,035 Jan. 10 Sales Jan. 20 Purchase Jap. 25 Sales Jak. 30 Purchase ok 145 units $20.00 125 units$20.00 270 units 100 unitse $10.001,000 270 unitse 9.50 2565 02,565_ Totals 555 units $5,600 nces The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 285 units where 270 are from the January 30 purchase, 5 are from the January 20 purchase, and 10 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. Complete this questions by entering your answers in the below tabs

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