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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 200 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory. Units sold at Dato Activities Units Aequired at Cost Retail Jan. 2 Deginning inventory 140 unitat $6.00$ 840 Jan. 10 Salon 100 units $15 Jan. 20 Purchase 60 units $5.00 300 Jan. 25 Sales 80 unitse $15 Jan. 30 Purchase 180 units $4.50 010 Totals 380 units $1,950 180 units Required: Determine the cost assigned to ending Inventory and to cost of goods sold using (a) specific identification, (6) weighted average. (FIFO, and (d) LIFO. Complete this question by entering your answers in the tabs below. Specific ld Weighted Average FIFO LIFO Determine the cost assigned to ending Inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decimal places.) 1 Average cost Cost of Goods Avaliable for Sale Cast of Goods Sold Ending Inventory of Average Cost of of Average Goods Cost of of units Average Cost per units Cost per units Goods Cost per Available in ending Ending unit sold Unit Sold for Sale Inventory Inventory unit Beginning inventory 140 840 Purchases Jan 20 30 300 Jan 30 180 813 Total 300 1.950 0 c) FIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Selo Cost Cost of Goods units por Available unit for Sale 140 6.00 S 340 of units sold Cost por unit Cost of Goods Sold per of units Cost In ending Inventory unit 40 36.00 Ending Inventory 100 $ 0.00 $ 600 S 240 Beginning inventory Purchases Jun 20 Jan 30 Total 00 300 400 5.00 4,60 100 180 010 1.950 30 S 5.00 DO 100 20 $5.00 200 $ 450 200 380 s 900 1.240 $ 1.000 Answer is not complete. Complete this question by entering your answers in the tabs below. Specific Id Weighted Average FIFO UFO Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. d) UFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Not Cost Cost of Goods units per unit Available for Sale 140 8.00 S 840 of units sold Cost per unit Cost of Goods Sold Hof units Cost in ending per Inventory unit 40 56.00 Ending Inventory 100 S 600 600 5 240 Beginning inventory Purchase Jan 20 Jan 30 Total 00 300 400 5.00 4.50 130 380 810 1,050 30 S 8.00 00 100 205.00 200 54.50 200 100 900 51240 1.000

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