) Required information The following information applies to the questions displayed below.j Laker Company reported the following January purchases and sales data for its only product. Date Jan. 1 Beginning inventory 21 units a $13.58-$2,835 Jan. 18 Sales Jan. 28 Purchase Jan. 25 Sales an. 30 Purchase Activities Units Acquired at Cost Units sold at Retail 168 units $22.5e 168 units $22.5a 150 unitse $12.50-1,875 320 units $12.883,840 683 units Totals $8,550 320 units Required: The Company uses a periodic inventory system. For specific identification, ending inventory consists of 360 units, where 320 are from the January 30 purchase, 5 are from the January 20 purchase, and 35 are 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. Specific Id Weighted 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 360 units, where 320 are from the January 30 purchase, 5 are from the January 20 purchase, and 35 are from beginning inventory. Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory CostotGoods |#ot units Cost Available for sold #ot units cost ! Ending per Cost of unit Goods Sold in ending # of units Cost per Cost of Goods Cost or of unit per unit Inventory Sale Beginning inventory 210 S13.50S 2,835 175 1350 2,363 35 473 1,875 3,840 8,550 Specific Id Jan. 20 150$12 320 $ 12 680 145 S12 50 1,813 63 Jan. 30 3,840 12.00 Total 320 S 4,176 380 4,37 Weighted Average > 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. Activities Units Acquired at Cost Date an. 1 Beginning inventory 210 units $13.50-$2,835 Jan. 18 Sales Jan. 28 Purchase Jan. 25 Sales an. 38 Purchase Units sold at Retail 160 units $22.50 160 units $22.50 150 units $12.50-1,875 320 units $12.0-3,840 680 units Totals $8,550 320 units Required: The Company uses a periodic inventory system. For specific identification, ending inventory consists of 360 units, where 320 are from the January 30 purchase, 5 are from the January 20 purchase, and 35 are from beginning inventory. Determine the cost assigned to ending inventory and to cost of goods sold using ( specific identification, (b) weighted average, (c) FIFO, and ( LIFO. Complete this question by entering your answers in the tabs below. 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.) )Weighted Average Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Average # of units cost per #Of units in ending Cost per Cost of Goods A . Cost of Goods Sold # of units Available for Sale sold-1 Cost per Unit inv Beginning inventory Purchases 210 2,835 Jan. 20 150 320 680 1,875 3,840 8,550 Jan. 30 Total Specific Id FIFO Required information [The following information applies to the questions displayed below.J Laker Company reported the following January purchases and sales data for its only product. Activities Units Acquired at Cost Date an. 1 Beginning inventory 210 unitse $13.50-$2,835 Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Units sold at Retail 160 unitse $22.50 160 units $22.50 150 units e $12.501,875 320 units $12.03,840 680 units Totals $8,550 320 units Required The Company uses a periodic inventory system. For specific identification, ending inventory consists of 360 units, where 320 are from the Jenuary 30 purchase, 5 are from the January 20 purchase, and 35 are 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 (d) LIFO Complete this question by entering your answers in the tabs below Specific Id Weighted Average FIFO 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 Ending Inventory Cost per Available for sold Cost of Goods | # of units cost per # of units cost | Ending # of units unit unit Goods Sold in ending per unit Inventory Sale in Beginning inventory 210 13.50S 2,835 Jan. 20 150 12.50 320 12.00 680 1,875 3,840 8,550 Jan. 30 Total Weighted Average LIFO > 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. Activities Units Acquired at Cost Date Jan. 1 Beginning inventory 210 units@ $13.50- $2,835 Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Units sold at Retail 160 units$22.50 160 units $22.50 150 units $12.50- 1,875 320 units $12.003,840 680 units Totals $8,550 320 units Required The Company uses a periodic inventory system. For specific identification, ending inventory consists of 360 units, where 320 are from the January 30 purchase, 5 are from the January 20 purchase, and 35 are 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 Specific Id Weighted Average FIFO Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory #Of units! Cost Ending Cost per Available for sold Cost of Goods | # of units | Cost per # of units unit unit Goods Sold in ending er unit Inventory Sale in Beginning inventory 210 13.50 S 2,835 Jan. 20 Jan. 30 150 12.50 320 12.00 680 1,875 3,840 8,550 Total K FIFO LIFO