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 215 units, where 190 are from the January 30 purchase, 5 are from the January 20 purchase, and 20 are from beginning Inventory Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals Units Acquired at Cost Units sold at Retail 145 units @ $7.00 = $1,015 105 units @ $16.00 70 units @ $6.00 = 420 85 units @ $16.00 190 units @ $5.50 = 1,045 405 units $2,480 190 units Required: Determine the cost assigned to ending Inventory and to cost of goods sold using (a) specific identification, (b) welghted aver (FIFO, and () 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 specific identification. For specific identification of 215 units, where 190 are from the January 30 purchase, 5 are from the January 20 purchase, and 20 are from beginning inve a) Specific Identification Cost of Goods Sold Cost of Goods Available for Sale Cost per Cost of Goods # of units Available for unit Sale Ending Inventory # of units Cost per sold unit Cost of Goods Sold # of units in ending inventory Cost per unit Beginning inventory Purchases Ending Inventory 405 units $2,480 190 units k Required: Determine the cost assigned to ending Inventory and to cost of goods sold using (a) specific identification, (b) weighted ave (FIFO, and (d) LIFO. Complete this questions by entering your answers in the below tabs. Specific Id Weighted Average FIFO es LIFO Determine the cost assigned to ending inventory and to cost of goods sold using specific identification. For specific identification, of 215 units, where 190 are from the January 30 purchase, 5 are from the January 20 purchase, and 20 are from beginning inver a) Specific Identification Cost of Goods Available for Sale Cost per Cost of Goods # of units Available for unit Sale Cost of Goods Sold Ending Inventory #of units sold Cost per Beginning inventory Purchases unit Cost of Goods Sold of units in ending inventory Cost per unit Ending Inventory Jan. 20 Jan. 30 Total Weighted Average > A (5).doc Required: Determine the cost assigned to ending Inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (FIFO, and (d) 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 weighted average. (Round cost per unit to 2 decim b) Average Cost Cost of Goods Sold Cost of Goods Available for Sale Average Cost of Goods # of units Cost per Available for unit Sale # of units sold Average Cost per Unit Cost of Goods Sold Ending Inventory of units in Average Ending ending Cost per Inventory inventory unit Beginning inventory Purchases Jan. 20 Jan. 30 Total 0 $ 0 Required: Determine the cost assigned to ending Inventory and to cost of goods sold using (a) specific identification, (b) weighted ave la FIFO, and (0) 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 FIFO. C) FIFO Cost of Goods Sold Cost of Goods Available for Sale Cost of Goods Cost per # of units Available for unit Sale # of units Cost per sold unit Cost of Goods Sold Ending Inventory # of units in Cost Ending ending Inventory inventory per unit Beginning inventory Purchases Jan. 20 Jan. 30 Total 0 $ 0 Required: Determine the cost assigned to ending Inventory and to cost of goods sold using (a) specific identification, (b) weighted average (FIFO, and (0) LIFO. Complete this questions by entering your answers in the below tabs. Specific Id Weighted Average FIFO LIFO tes Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. d) LIFO Cost of Goods Sold Cost of Goods Available for Sale Cost of Goods Cost per # of units Available for unit Sale # of units sold Cost per Cost of Goods Sold Ending Inventory # of units in Cost Ending ending per unit Inventory inventory unit Beginning inventory Purchases Jan. 20 Jan. 30 Totai