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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. Units Acquired at Cost Units sold at Retail Date an. 1 Beginning inventory an. 10 Sales Jan. 20 Purchase an. 25 Sales Jan. 30 Purchase 140 units $6.00840 68 units $5.00300 180 units $4.50 810 100 units $15 80 units e $15 Totals 380 units $1,950 180 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 200 units, wh 180 are from the January 30 purchase. 5 are from the January 20 purchase, and 15 are from beginning inventory 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

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