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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 Unita Acquired at Cost Units sold at Retail Jan. 1 Beginning inventory 230 unitoe $15.50 - $ 3,565 Jan. 10 sales 180 unito e $24.50 Jan. 20 Purchase 190 units $14.50 2,755 Jan. 25 Salou 220 units $24.50 Jan. 30 Purchase 360 units $14.00 - 5,040 Totals 780 units 511,360 400 units The Company uses a perpetual Inventory system. For specific identification, ening Inventory consists of 380 units, where 360 are from the January 30 purchase, 5 ore 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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