O Required information The following information applies to the questions displayed below.) 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 215 units, where 190 are from the January 30 purchase, 5 are from the January 20 purchase, and 20 are from beginning Inventory Date Activities Units Acquired at cout Units told at Retail Jan. 1 beginning inventory 145 units $7.00 - $1,015 Jan. 10 Sales 105 units # $16.00 Jan. 20 Purchase 70 units@ $6.00 420 San. 25 Sales 35 units $16.00 Jan 30 Purchase 100 units $5.50 1.045 Totals 405 units $2,480 190 units Required: Determine the cost assigned to ending inventory and to cost of goods sold using specific identification () weighted average (o FIFO, and (LIFO Complete this questions by entering your answers in the below tabs. Specificid Weighted Average FITO UFO Determine the cost assigned to ending inventory and to cost of goods sold using specific identification For specific identification, ending inventory consists of 215 units, where 190 are from the January 30 purchase, 5 are from the January 20 purchase, and 20 are from beginning inventory Specific identification Cost of Goods Sold Cost of Goods Available for Sale Cost per Cost of Goods of units unit Available for Sale 1457 57003 1015 Ending Inventory of units in ending Ending Inventory per unit Inventory 20 5.700 5 140 of units Cost per Cost of sold unit Goods Sold 12515 7005 875 Cost Begung inventory Purchas 420 600 390 30 Jan 20 Jan 30 Tot 20 $ 800 100 $ 550 455 1045 2.480 055 0 10 5 $ 600 190 $ 550 215 1045 1215 $ 5 1.265 $ Weighted Average > Required: Determine the cost assigned to ending inventory and to cost of goods sold using a specific identification, (b) welghted average (9 FIFO, and (UFO. Complete this questions by entering your answers in the below tabs. Cost per Specific to Weighted FIFO LIFO Averdige Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decimal places) b) Average Cost Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Average cost of Goods of units Average Cost of of units Average # of units Cost per Available for Cost per Ending sold in ending Goods Sold unit Sale Unit inventory unit Inventory Beginning inventory 145 $ 1,015 Purchases Jan 20 70 420 Jan 30 190 1,045 Total 4055 11 500 $ 2480 190 $ $ 0 Determine the cost assigned to ending inventory and to cost of goods sold using a specific identification, () weighted average. (a FIFO, and (d) LIFO Complete this questions by entering your answers in the below tabs. Specific Id Weighted FIFO UFO Average Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. FIFO Cost of Goods Available for Sale Cost of Goods Sold Cost of Goods # of units Cost per Cost of of units Cost per Available for unit sold unit Sale Goods Sold Beginning inventory 145 700$ 1.015 Purchases Jan 20 70 6.00 420 Jan 30 190 550 1.045 Total $ 2.480 0 $ 0 Ending Inventory of units Cost Ending in ending inventory per unit Inventory $ 405 Required: Determine the cost assigned to ending Inventory and to cost of goods sold using (a) specific identification. (b) weighted average la FIFO, and () LIFO Complete this questions by entering your answers in the below tabs. Specific Id Weighted Average FIFO LIFO Ending Inventory # of units Cost Ending in ending Inventory per unit Inventory Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. d) LIFO Cost of Goods Available for Sale Cost of Goods Sold Cost per Cost of Goods # of units Cost per Available for Cost of #of units unit sold unit Sale Goods Sold Beginning inventory 145 7.00 $ 1,015 Purchases Jan 20 70 6.00 420 Jan 30 190 5.50 1045 Total 405 $ $ 2.480 0 0 $