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

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Laker Company reported the following January purchases and sales dato for its only product. The Company uses a perpetual inventory system For specific identification, ending inventory consists of 355 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory Units sold at Retail Date January 1 January 10 January 20 January 25 January 30 Activities Beginning Inventory Sales Purchase Sales Purchase Units Acquired at cost 215 units $14.00 - $ 3,010 360 units @ $ 13.00 2,000 165 units $ 23.00 190 units $ 23.ee 3,95 355 units $11.00 - 73e units Totals $ 3,995 355 units 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 investory 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 osigned to ending inventory and to cost of goods sold using LIFO. Complete this question by entering your answers in the tabs below. Specificid Weighted Average FIFO LINO Complete the table to determine the cost signed to ending inventory and cost of yoods sold using specific dentification, Specific identification Aitable for Sale Cost of Goods Sold Ending Inventory Cost Per of one #ufu Activity Cost Per Unit COGS Ending Inventory Sini Cost Per Unit Ending Inventory. Cont 219 January 1 January 20 January 10 Beginning inventory Purchase Purchase 160 WS Specific Id Weighted Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. Goods Purchased Perpetual FIFO Cost of Goods Sold # of units Cost of Goods sold unit Sold Inventory Balance Date Cost per Cost per # of units of units Cost per Inventory Balance unit unit 215 at $ 14.00 $ 3,010.00 January 1 January 10 January 20 Total January 20 January 25 Total January 25 January 30 Totals LIFO >

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