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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. The Company uses a periodic inventory system. For specific identification, ending inventory consists of 220 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 35 are from beginning inventory Date Activities Units Aequired at cont Units sold at Retail Jan. 1 Beginning inventory 150 units $6.00 = $900 Jan. 10 Sales 90 unita $15.00 Jan. 20 Purchase 70 units 55.00 - 350 Jan. 25 Sales 90 units . $15.00 Jan. 30 Purchase 180 units 54.50 810 Totals 400 units $2,060 180 units 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. Complete this question by entering your answers in the tabs below. Specific 1d Weighted Average FIFO LIFO Complete the table to determine the cost assigned to ending Inventory and cost of goods sold using specific identification Specific Identification Avaliable for Sale Cost of Goods Sold Ending Inventary Purchase Date Activity Ending # of units Cost Per of units Cost Per Unit Ending Unit sold COGS Inventory Cost Per Unit Units Inventory Cout Jan. 1 Beginning inventory 100 Jan 20 Purchase 70 Jan. 30 Purchase 180 400 0 $ pecin Weighted Average > Complete this question by entering your answers in the tabs below. Weighted Specific Id 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 - Perpetual Goods Purchased Cost of Goods Sold Inventory Balance # of Cost per of units Cost per Cost of Goods Date units Cost per unit unit sold # of units unit Sold Inventory Balance 150 ml $ 6.00 $ 900.00 January 1 January 10 January 20 Average cost January 25 January 30 Totals Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. Perpetual FIFO: Date Goods Purchased of Cost units por unit Cost of Goods Sold of unita Cost Cost of Goods sold per unit January 1 Sold Inventory Balance of units Cost per unit Inventory Balance 150 5 600 $ 900.00 January 10 January 20 January 25 January 30 Totals

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