Please show work and explain how you got each number from.

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 perpetual inventory system. For specific identification, ending inventory consists of 380 units from the January 30 purchase, 5 units from the January 20 purchase, and 25 units from beginning inventory. Date Activities Units Acquired at Cost Units sold at Retail January 1 Beginning inventory 240 units # $ 16.50 - $ 3,960 January 10 Sales 190 unito $ 25.50 January 20 Purchase 170 units . $ 15.50 - 2,635 January 25 Sales 190 unito $25.50 January 30 Purchase 380 units. $ 15.00 5.700 Totala 790 units $ 12,295 380 units The Company uses a periodic inventory system. For specific identification, ending inventory consists of 380 units from the January 30 purchase. 5 units from the January 20 purchase, and 25 units from beginning inventory. Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average. (FIFO, and (LIFO. Specific Id Weighted Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using specific Identification. For specific identification, ending inventory consists of 380 units from the January 30 purchase, 5 units from the January 20 purchase, and 25 units from beginning inventory. a) Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost Cost of #of #of Goods Cost of #of units Cost per per units units Cost Ending In ending Goods Available for unit unit sold Sold per unit Sale Inventory inventory Beginning inventory 240 $16.50 $ 3.960 215S 16.50 $ 3,548 25 $ 16.50 $ 413 Purchases: January 20 1705 15.50 2,635 165 $15.50 2,558 5 $15.50 78 January 30 380 $ 15,00 5.700 0 380 $ 15.00 5,700 Total 790 $ 12.295 380 5 6,106 410 5 6,191 Specific Id Weighted FIFO LIFO Average 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) Weighted average - Periodic Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Average Cost of #of units Goods Average Cost of of units in Average Cost per units Ending sold Available for Cost per Goods ending Cost per unit Sale Unit Sold Inventory unit Inventory Beginning inventory 240 3,000 Purchases: January 20 170 2.635 January 30 380 5,700 Total 790 s 15.56 $ 12.295 785 3 15.56 12,215 410 $ 6,123.00 2.510,430 of Specific id Weighted Average FIFO LIFO Ending Inventory Cost #of units in ending Inventory Ending Inventory Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. c) Periodic FIFO Cost of Goods Available for Sale Cost of Goods Sold Cost Cost of Goods # of Cost of # of units Cost per per Available for units Goods unit Sale unit Sold Beginning inventory 240 16.50 $ 3,950 240S 16.50 $ 3.960 Purchases: January 20 15.50 2,635 170 S 15.50 2,635 January 30 380 15.00 5,700 190 $ 15.00 2,850 Total 790 $ 12.295 600 9.445 sold per unit 170 . 1903 S 15.00 190 2.850 2.850 Specific Id Weighted Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. d) Periodic LIFO Cost of Goods Available for Sale Cost of Goods Sold Cost of Cost Goods # of units of units Cost of Cost per per unit Available for sold unit Goods Sale Sold Beginning inventory 240 16.50 $ 3,960 235 $16.50 $ 3,878 Purchases January 20 170 15.50 2,635 170 $15.50 2,635 January 30 380 15.00 5,700 380S 15.00 5,700 Total 790 $ 12.295 785 $ 12,213 Ending Inventory # of units Cost per Ending in ending unit Inventory Inventory 53 $ 16.50 $ 83 2 5 83