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 375 units, where 355 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory Date Activities Units Acquired at cont Units sold at Retail Jan. 1 Beginning inventory 215 unitse $14.00 - $3.010 Jan. 10 Sales 165 units $23.00 Jan. 20 Purchase 160 unitse $13.00 - 2,080 Jan. 25 Sales 190 units $23.00 Jan. 30 Purchase 355 units $12.00 - 4,260 Total 730 unito $9,350 355 unita Required: Determine the cost assigned to ending inventory and to cost of goods sold using (o) specific identification, (b) weighted average. ( FIFO, and (c) LIFO. Complete this questions by entering your answers in the below tabs. Weighted Specific id FIFO 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 375 units, where 355 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory. Cost of Goods Available for Sale Cost of Goods Sold a) Specific Identification Ending Inventory Specific Id Weighted Average FIFO LIFO Cost per Determine the cost assigned to ending inventory and to cost of goods sold using specific identification. For specific identification, ending Inventory consists of 375 units, where 355 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 # of units Cost of of units Cost per Cost # of units Ending Available for unit sold unit In ending Goods Sold per unit Inventory Sale Inventory Beginning inventory 2151 $ 14.00 $ 3,010 15 $14.00 $ 210 Purchases Jan. 20 160 $ 13.00 2,080 5 $13.00 65 Jan. 30 355 $12.00 4.260 355 $12.00 4,260 Total 730 $ 9,350 0 $ 0 375 $ 4,535 Checicla Welghted Average > Required: Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (o) weighted average (9 FIFO, and (c) LIFO Complete this questions by entering your answers in the below tabs. 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) Average Cost Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Average cost of Goods Average # of units Average Cost of # of units Cost per of units Available for Cost per Ending In onding Cost per Goods Sold sold Sale unit Unit Inventory Inventory unit Beginning inventory 215 S 3,010 Purchases Jan. 20 160 2,000 Jan 30 355 4,260 Total 730 $ 9,350 375 0 $ Required: Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average. (a) FIFO, and (d) LIFO. Complete this questions by entering your answers in the below tabs. Specific la Weighted FIFO Average LIFO Determine the cost assigned to ending inventory and to cost of goods sold using FIFO c) FFO Cost of Goods Available for Sale Cost of Goods Sold Cost per Cost of Goods of units Cost per w of units Cost of unit Available for sold unit Goods Sold Sale Boginning inventory 215 14.00 $ 3,010 Purchases Jan. 20 160 13.00 2,080 Jan 30 355 12.00 4.260 Total 730 $ 9,350 $ Ending Inventory W of units Cost In ending Ending per unit Inventory Inventory 0 $ 0 Required: Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (d) FIFO, and (c) LIFO. Complete this questions by entering your answers in the below tabs. Specific Id Weighted Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. d) LIFO Cost of Goods Avaliable for Sale Cost of Goods Sold Cost per Cost of Goods of units Cost per # of units Available for Cost of unit sold unit Sale Beginning inventory 215 14.00 $ 3,010 Purchases: Jan. 20 100 13.00 2,080 Jan. 30 355 12.00 4,260 Total 730 $ 9,350 0 $ Ending Inventory #of units Cost Ending per unit inventory Inventory Goods Sold In ending 0 0 $ 0