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Required information The following information applies to the questions displayed below) Loker 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) Loker Company reported the following January purchases and sales data for its only product. The Company uses perpetual inventory system. For specific identification, ending inventory consists of 260 units from the January 30 purchase 5 units from the January 20 purchase and 25 units from beginning inventory Active Units Acred at Cost Units soldat Taniary: Beaning inventory 170 units 51.50 $ 1.611 Tanary 10 Sales 130 ini e 510250 Scary 20 Purchase 120 units $8.50 1,630 January 25 Sales 110 units . Sin. 50 January 10 Purchase 260 te 5 1.00 3.000 Totals 550 units $ 4,715 260 units Bote Required: 1. Complete the table to determine the cost assigned to endrg inventory and cost of goods sold specific identification 2. Determine the cott signed to ending inventory and to cost of goods sold using weighted average 3. Determine the cost ossigned to ending inventory and to cost of goods sold in FIFO 4. Determine the cost signed to ending inventory and to cost of goods sold using LIFO Complete this question by entering your answers in the tabs below. edhe Weighted A YIFO LIFO Conclete the table to determine the cost assigned to ending Inventory and cost of goods sold in specific identification Avanti for Sale Purchase Section Cost of Good Son Cost Per Wofon Cost COGS Ending inventory Activity Ending Invento Lits Cost Cont indung Bagn entory lit January 20 January 30 Punchie 1701 120 280 510 Weighted Average >

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