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

ending inventory consists of $280$ units from the January $30$ purchase, $5$ units from the January $20$ purchase, and $15$ units

from beginning inventory.

Exercise $5-3($Algo$)$ Perpetual: Inventory costing methods LO P$1$

Assiume the perpetual inventory system is ILsed.

Requllred:

Complete the table to determine the cost assigned to ending inwentory and cost of goods sold using specific identification.

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

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

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

Complete this question by entering your answiers in the tabs below.

Specific

Identification

Welghred

Average

FIFO

LIFO

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