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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 perpetual Inventory system. For specific identification, ending Inventory consists of 200 units from the January 30 purchase, 5 units from the January 20 purchase, and 25 units from beginning inventory. Date ctivities Unit Required at Coat Units sold at Retail January 1 Beginning inventory 150 units $ 7.50 $ 1,125 January 10 Sales 110 units $16.50 January 20 Purchase 80 units $ 6.50 - January 25 Sales 90 unit e $16.50 January 30 Purchase 200 units $ 6.00 - 1,200 Total 430 units $ 2,845 200 units 520 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 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. Weiht

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