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Laker Compary reported the following January purchases and sales data for its only product. For specific identification, ending inventory consists of 355 units from the
Laker Compary reported the following January purchases and sales data for its only product. For specific identification, ending inventory consists of 355 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units fram beginning inventory. Assume the perpetual imventory system is used. Required: 1. Complete the table to determine the cost assigned to ending irmentory and cost of goods sold using specific identification. 2. Determine the cost assigned to ending inwentory and to cost of goods sold using weighted awerage. 3. Determine the cost assigned to ending inwentery and to cost of goods sold using FIFO. 4. Determine the cost assigned to ending inwentery and to cost of goods sold using LFFO. Answer is not complete. Complete this question by entering your answers in the tabs below. Determine the cost assigned to ending irwentory and to cost of goods sold using LIFO
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