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 290 units from the January 30 purchase, 5 units from the January 20 purchase, and 20 un from beginning inventory. Date January 1 January 10 January 20 January 25 January 30 Activities Beginning inventory Sales Purchase Sales Purchase .Totals ssume the perpetual inventory system is used. equired: Units Acquired at Cost 195 units @ $ 12.00 = 120 units @ $ 11.00 = 290 units @ $ 10.50 = 605 units $ 2,340 1,320 3,045 $ 6,705 Units sold at Retail 155 units 135 units 290 units @ @ $ 21.00 $ 21.00 1. Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identifica 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.

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 290 units from the January 30 purchase, 5 units from the January 20 purchase, and 20 un from beginning inventory. sume the perpetual inventory system is used. quired: 1. Complete tho thale to determine the cost assigned to ending inventory and cost of goods sold using specific identifice 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