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 Jan. 1 Beginning inventory Jan. 19 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals Units Acquired at Cost Units sold at Retail 225 units @ $15.00 = $ 3,375 175 units @ $24.99 180 units @ $14.00 = 2,520 175 units @ $24.ee 350 units @ $13.50 = 4,725 755 units $19,620 350 units Required: eriodic inventory system. For specific identification, ending inventory consists of 405 units, where 350 are from the January 30 purchase, 5 are from the January 20 purchase, and 50 are from beginning inventory. Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification. (b) weighted average. (C) FIFO, and (d) 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, ending inventory consists of 405 units, where 350 are from the January 30 purchase, 5 are from the January 20 purchase, and 50 are from beginning inventory. a) Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Cost of Goods # of units Cost per Cost of #of units Available for unit sold unit Goods Sold Sale Ending Inventory # of units Cost Ending in ending inventory e s per unit Inventory Beginning inventory Purchases: Jan. 20 Jan. 30 Total Specificid Weighted Average > 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 Jan. 1 Beginning inventory Jan. 18 Sales Jan. 2e Purchase Jan. 25 Sales Jan. 30 Purchase Totals Units Acquired at Cost Units sold at Retail 225 units @ $15.00 = $ 3,375 175 units @ $24.ee 180 units @ $14.00 = 2,520 175 units @ $24.ee 350 units @ $13.50 = 4,725 755 units $10,62 350 units Required: The Company uses a periodic inventory system. For specific identification, ending inventory consists of 405 units, where 350 are from the January 30 purchase, 5 are from the January 20 purchase, and 50 are from beginning inventory. Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification. (b) weighted average. (C) FIFO, and (d) 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 weighted average. (Round cost per unit to 2 decimal places.) b) Weighted Average Cost of Goods Sold Cost of Goods Available for Sale Average cost of Goods # of units Cost per Available for unit i t # of units sold Average Cost of Cost per Goods Sold Unit Ending Inventory # of units Average in ending Cost per Ending inventory unit Inventory Sale Beginning inventory Purchases: Jan. 20 Jan. 30 Total 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 sold at Retail Units Acquired at Cost 225 units @ $15.00 = $ 3,375 175 units @ $24.ee Date Activities Jan. 1 Beginning inventory Jan. 18 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals 180 units @ $14.ee = 2,520 175 units @ $24.ee 350 units @ $13.50 = 755 units 4,725 $19,620 350 units Required: The Company uses a periodic inventory system. For specific identification, ending inventory consists of 405 units, where 350 are from the January 30 purchase, 5 are from the January 20 purchase, and 50 are from beginning inventory. Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification. (b) weighted average. (C) FIFO, and (d) 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 FIFO. c) FIFO Cost of Goods Available for Sale Cost of Goods of units Cost per Available for unit Sale Cost of Goods Sold # of units Cost per Cost of unit Goods Sold " Ending Inventory # of units in ending Cost Ending inventory per unit Inventory Beginning inventory Purchases: Jan. 20 Jan. 30 Total 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 sold at Retail Units Acquired at Cost 225 units @ $15.00 = $ 3,375 175 units @ $24.80 Date Activities Jan. 1 Beginning inventory Jan. 19 Sales Jan. 2e Purchase Jan. 25 Sales Jan. 30 Purchase Totals 180 units @ 350 units @ 755 units $14.80 = $13.50 = 2,520 4,725 $18,620 175 units @ $24.99 350 units Required: The Company uses a periodic inventory system. For specific identification, ending inventory consists of 405 units, where 350 are from the January 30 purchase. 5 are from the January 20 purchase, and 50 are from beginning inventory. Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification. (b) weighted average. (C) 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 FIFO. c) FIFO Cost of Goods Available for Sale Cost of Goods sold Cost of Goods Sold # of units Cost per Cost of sold unit Goods Sold Ending Inventory # of units Cost Ending in ending inventory per unit Inventory # of units Cost per unit Available for Sale Beginning inventory Purchases Jan. 20 Jan. 30 Total