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Laker Company reported the following January purchases and sales data for its only product. The Company uses a periodic inventory system. For specific identification, ending

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Laker Company reported the following January purchases and sales data for its only product. The Company uses a periodic inventory system. For specific identification, ending inventory consists of 210 units, where 180 are from the January 30 purchase. 5 are from the January 20 purchase, and 25 are from beginning Inventory. Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 2e Purchase Jan. 25 Sales Jan. 30 Purchase Totals Units Acquired at Cost Units sold at Retail 145 units @ $6.00 - $ 878 95 units $15.00 65 units @ $5.00 325 85 units @ $15.00 180 units4.50 - 818 390 units $2,895 189 units Required: Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, () weighted average (8 FIFO, and (0) LIFO. Complete this question by entering your answers in the tabs below. Specific Id Weighted FIFO LIFO Average Determine the cost assigned to ending inventory and to cost of goods sold using specific identification. For specific identification, ending inventory consists of 210 units, w are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning inventory. Cost of Gooda Sold a) Specific Identification Cost of Goods Available for Sale Cost per Cost of Goods of units unit Available for Sale # of units sold Ending Inventory Hof units in Cost per anding Ending unit Inventory Inventory Cost per unit Cost of Goods Sold Beginning inventory Purchases: Jan. 20 Jan. 30 Total 0 $ 5 Weighted Average >

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