! 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. For specific identification, ending inventory consists of 385 units from the January 30 purchase, 5 units from the January 20 purchase, and 25 units from beginning inventory. Date January 1 January 10 January 20 January 25 January 30 Activities Beginning inventory Sales Purchase Sales Purchase Totals Assume the perpetual inventory system is used. Required: Units Acquired at Cost 235 units @ $ 16.00- 180 units @ 385 units 2 800 units $ 15.00- $ 13.00- $ 3,760 2,700 5,005 $ 11,465 Units sold at Retail 185 units 200 units 385 units e e $ 25.00 $ 25.00 1. Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. 2. Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. 3. Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. 4. Determine the cost assigned to ending inventory and to cost of goods sold using LIFO.

Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. Determine the cost assianed to ending inventory and to cost of goods sold using LIFO. Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specinc identincation. Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. Note: Found cont per unit to 2 decimal ploces. 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. For specific identiflcation, ending inventory consists of 385 units from the January 30 purchase, 5 units from the January 20 purchase, and 25 units from beginning inventory. Assume the perpetual inventory system is used. Required: 1. Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. 2. Determine the cost assigned to ending inventory and to cost of goods soid using weighted average. 3. Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. 4. Determine the cost assigned to ending inventory and to cost of goods sold using LIFO