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Laker Company reported the following January purchases and sales data for its only product Undts sold at Retail Units Acquired at Cost 135 units $11.00-$2,035

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Laker Company reported the following January purchases and sales data for its only product Undts sold at Retail Units Acquired at Cost 135 units $11.00-$2,035 145 units @ $20.00 Date Activities Jan. 1 Denning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals 100 units $10.00 1.000 125 units @ $20.00 270 units $9.50 555 units 2,565 $5,600 270 units 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. Answer is not complete. Complete this question by entering your answers in the tabs below. 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required Determine the cost assigned to ending inventory and to cost of goods sold using weighted average (Round cost per unit to 2 decimal places.) Cost of Goods Sold Inventory Balance Weighted Average . Perpetual: Goods Purchased #of Cost Date per unit Cost of units sold Cost per unit Cost of Goods Sold of units Inventory Balance per unit 185 = $ 2,035 00 January 1 11.00 January 10 January 20 Weighted Average.. Perpetual Goods Purchased Cost of Goods Sold Inventory Balance Cost Cost Cost Date #of units # of units sold Cost of Goods Sold of units per unit per unit Inventory Balance per unit January 1 185 S 11.00 $ 2,035 00 January 10 January 20 Average cost January 25 January 30 Totals

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