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Laker Company reported the following January purchases and sales data for its only product. For specific identification, ending inventory consists of 3 8 5 units

Laker Company reported the following January purchases and sales data for its only product. For specific identification, ending inventory consists of 385 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory.
Date
Activities
January 1
Beginning inventory
January 10
Sales
225 units @ $ 15.00= $ 3,375
Units sold at Retail
January 20
Purchase
180 units @ $ 14.00=2,520
175 units @ $ 24.00
January 25
Sales
Purchase
January 30
385 units @ $ 12.00=
4,620
210 units @ $ 24.00
Totals
Units Acquired at Cost
790 units
$ 10,515
385 units
Assume the perpetual inventory system is used.
Required:
. Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. 1
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.

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