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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. Date Activities Units Acquired at Cost Units sold at Retail Jan. 1 Beginning inventory 200 units @ $12.50 = $2,500 Jan. 10 Sales 160 units @ $21.50 Jan. 20 Purchase 130 units @ $11.50 = 1,495 Jan. 25 Sales 140 units @ $21.50 Jan. 30 Purchase 3ee units @ $11.00 3,300 Totals 630 units $7,295 300 units Required: The Company uses a periodic inventory system. For specific identification, ending inventory consists of 330 units, where 30 the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning inventory. Determine the cost ass 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 specific identification. For specific identification, en 330 units, where 300 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning inventory a) Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory scyuncu. Required information Chunry VIY JITU LULU yuus JUIU UHY PLUMCULUI Myrreu uruyo, UrruMLU. 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 specific identification. For specific identification, e 330 units, where 300 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning inventor a) Specific Identification Cost of Goods Sold Cost of Goods Available for Sale Cost of Goods Cost per # of units Available for unit Sale Ending Inventory #of units Cost Ending in ending Inventory inventory # of units Cost per sold unit Cost of Goods Sold per unit Beginning inventory Purchases: Jan. 20 Jan. 30 0 S 0 0 $ $ 0 Total

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