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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 $270$ units from the January $30$ purchase, $5$ units from the January $20$ purchase, and $10$ units from beginning inventory.

$\backslash$table$[[$Date$,$Activities,Units,Aca,ired at$,$Cost,,Units sold,at$,$Retai,$],[$January $1,$Beginning inventory,$185$ units,@$,$$$11\mathrm{.}00,=$$$,2,035,145$ units,@$,$$$,20\mathrm{.}00],[$January $10,$Sales,,,,,$],[$January $20,$Purchase,$100$ units,@$,$$$10\mathrm{.}00,=,1,000,,,,],[$January $25,$Sales,,,,,,$125$ units,@$,$$$,20\mathrm{.}00],[$January $30,$Purchase,$270$ units,$-,$$$9\mathrm{.}50,=,2,565,,,,],[,$Totals,$555$ units,,,$$,5,600,270$ units,,,$]]$

The Company uses a periodic inventory system. For specific identification, ending inventory consists of $270$ units from the January $30$ purchase, $5$ units from the January $20$ purchase, and $10$ units from beginning inventory. Determine the cost assigned to ending inventory and to cost of goods sold using $($a$)$ specific identification, $($b$)$ weighted average, $($c$)$ FIFO, and $($d$)$ LIFO.

Complete this question by entering your answers in the tabs below.

Weighted

Average

FIFO

LIFO

Determine the cost assigned to ending inventory and to cost of goods sold using FIFO.

$\backslash$table$[[$c$)$ Periodic FIFO$],[,$Cost of Goods Available for Sale,Cost of Goods Sold,Ending Inventory$],[,$# of units,$\backslash$table$[[$Cost per$],[$unit$]],\backslash$table$[[$Cost of Goods$],[$Available for Sale$]],\backslash$table$[[$# of units$],[$sold$]],\backslash$table$[[$Cost per$],[$unit$]],$Cos,$\backslash$table$[[$Goods$],[$d$]],\backslash$table$[[$# of units in$],[$ending$],[$inventory$]],\backslash$table$[[$Cost per$],[$unit$]],\backslash$table$[[$Ending$],[$Inventory$]]],[$Beginning inventory,$185,11\mathrm{.}00,2,035,185,11\mathrm{.}00,$$$,2,035,0,,],[$Purchases:$],[$January $20,100,10\mathrm{.}00,1,000,,,,,,,],[$January $30,270,9\mathrm{.}50,2,565,,,,,,,],[$Total$,555,,5,600,185,,$$$,2,035,0,,]]$

$($FIFO &LIFO$)$ plz