Laker Company reported the following January purchases and sales data for its only product. For specific identification, ending inventory consists of 250 units from the January 30 purchase, 5 units from the January 20 purchase, and 20 units from beginning inventory. Date January 1 January 10 January 20 January 25 January 30 Activities Beginning inventory Sales Purchase Sales Purchase Totals Specific Id Weighted Average Complete this question by entering your answers in the tabs below. Units Acquired at Cost 165 units@ $9.00 = $8.00 = $7.50 = FIFO 110 units @ 250 units @ 525 units LIFO $ 1,485 880 Cost of Goods Available for Sale 1,875 $ 4,240 e Company uses a periodic inventory system. For specific identification, ending inventory consists of 250 units from the January 30 rchase, 5 units from the January 20 purchase, and 20 units from beginning inventory. Determine the cost assigned to ending entory and to cost of goods sold using (a) specific identification, (b) weighted average, (c) FIFO, and (d) LIFO. Units sold at Retail 125 units. @ Cost of Goods Sold 125 units 250 units @ $18.00 $18.00 Determine the cost assigned to ending inventory and to cost of goods sold using specific identification. For specific identification, ending inventory consists of 250 units from the anuary 30 purchase, 5 units from the January 20 purchase, and 20 units from beginning inventory. Specific Identification Ending Inventory

Laker Company reported the following January purchases and sales data for its only product. For specific identification, ending inventory consists of 250 units from the January 30 purchase, 5 unts from the January 20 purchase, and 20 units from beginning inventory. e Company uses a periodic imventory system. For specific identification, ending inventory consisis of 250 units from the January 30 rehase, 5 units from the January 20 purchase, and 20 units from beginning inventory. Determine the cost assigned to ending entory and to cost of goods sold using (a) specific ident tication, (C) weighted average. (c) FFO, and (C) UFO. Complete this question by entering your answers in the tabs below. Petermine the cost assgned to ending imventory and to cost of goods soid wing specific identification, for specific identification, ending inventory consists of 250 units from the anuary 30 purchase, 5 units from the Jahuary 26 purchase, and 20 units from beginning inventory