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. Date Activities Units Acquired at Cost Units sold at Retail Jan. 1 Beginning inventory 190 units@ $7.80 = $1,330 Jan. 1e Sales 158 units @ $16.00 Jan. 20 Purchase 110 units @ $6.00 = 660 Jan. 25 Sales 130 units @ $16.80 Jan. 30 Purchase 280 units @ $5.50 = 1,540 Totals 580 units $3,530 280 units Required: The Company uses a periodic Inventory system. For specific Identification, ending Inventory consists of 300 units, where 280 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 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 (0) LIFO. Complete this question by entering your answers in the tabs below. FIFO Specific id Weighted LIFO Average Determine the cost assigned to ending inventory and to cost of goods sold using specific identification. For specific identification, ending inventory consists of 300 units, where 280 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory. a) Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Goods Cost per # of units Cost per Cost of # of units Cost Ending # of units Available for unit Goods Sold in ending Inventory Sale inventory unit sold per unit Beginning inventory Purchases: Jan. 20 Jan. 30 Total 0 Specific id 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. Date Activities Units Acquired at Cost Units sold at Retail Jan. 1 Beginning inventory 190 units @ $7.00 = $1,330 Jan. 1e Sales 158 units @ $16.00 Jan. 20 Purchase 110 units @ $6.00 - Jan. 25 Sales 130 units @ $16.80 Jan. 30 Purchase 280 units @ $5.50 = 1,540 Totals 580 units $3,530 280 units 660 Required: The Company uses a periodic Inventory system. For specific Identification, ending Inventory consists of 300 units, where 280 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 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 (a) 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.) b) Weighted Average Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Average Cost of Goods Average # of units Average # of units Cost of # of units Cost per Ending Available for Cost per in ending Cost per sold Goods Sold Inventory inventory unit Sale Unit unit Beginning inventory Purchases: Jan. 20 Jan. 30 Total 0 S 0 S 0 $ 0 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. Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals Units Acquired at Cost Units sold at Retail 190 units @ $7.00 = $1,330 150 units @ $16.80 110 units @ $6.80 = 660 130 units @ $16.80 280 units @ $5.50 = 1,540 580 units $3,530 280 units Required: The Company uses a periodic Inventory system. For specific Identification, ending Inventory consists of 300 units, where 280 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 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 (c) LIFO. Complete this question by entering your answers in the tabs below. Specific Id Weighted Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. c) FIFO Cost of Goods Sold Cost of Goods Available for Sale Cost of Goods # of units unit Sale Cost per Available for # of units sold Cost per unit Cost of Goods Sold Ending Inventory # of units Cost in ending Ending inventory per unit Inventory Beginning inventory Purchases Jan. 20 Jan. 30 Total 0 s 0 S 0 $ 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. Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals Units Acquired at Cost Units sold at Retail 190 units @ $7.00 = $1,330 150 units @ $16.ee 11e units @ $6.80 = 660 130 units @ $16.80 280 units @ $5.50 = 1,540 580 units $3,530 280 units Required: The Company uses a periodic Inventory system. For specific Identification, ending Inventory consists of 300 units, where 280 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 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 (a) 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 LIFO. d) LIFO Cost of Goods Available for Sale Cost of Goods Sold Cost of Goods # of units # of units Cost per Cost of unit Sale sold unit Goods Sold Beginning inventory Cost per Available for Ending Inventory # of units Cost Ending in ending inventory Inventory per unit Purchases: Jan. 20 Jan. 30 Total 0 s 0 $ 0 0 $ 0