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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

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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 Units sold at te Activities Units Acquired at Cost 140 units @ $6.00=$840 60 units $5.00- 300 180 units @ $4.50= 810 Beginning inventory Jan. 1 Jan. 10 Sales Jan.20 Purchase Jan.25 Sales Jan.30 Purchase 100 units$15 80 units $15 380 units $1,950 180 units Totals nsists of 200 units, where The Company uses a perpetual Inventory system. For spectfic Identification, ending Inventory co 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning iInventory Required: 1. Complete the table to determine the cost assigned to ending tnventory and cost of goods sold using spectfic identfication. 2 Determine the cost assigned to ending Inventory and to cost of goods sold using welghted 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. Complete this questions by entering your answers in the below tabs. Required 1 Required 2 Required 3 Required 4 Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. Specific Identification Available for Sale Cost of Goods Sold Unit Units Unit Cost CoGs Inventory e Unit Ending Cost Per Inventory- Ending Purchase Date Activity Units Cost Sold Units Jan 1 Jan. 20 Jan. 30 Beginning inventory140 60 180 380 Purchase Required 2

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