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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 a perpetual inventory system For specific identification, ending Inventory consists of 180 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory Activities Units Xequired at Cont Unitewold at Heat January 1 Deginning inventory 140 units # $6.00 - January 10 Sales 100 units 5 15 January 20 Purchase 60 units $5.00 300 January 25 0 units $ 15 January 30 Purchase 180 units . 54.50 - $10 Total 180 units Date Sales 300 units $1,950 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. Complete this question by entering your answers in the tabs below. Weighted Average FO LIFO Specic to Determine the cost signed to ending inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decimal places) Pro of Next > Complete this question by entering your answers in the tabs below. Weighted Specific to FIFO LIFO Average Determine the cost assigned to ending Inventory and to cost of goods sold using weighted average (Round cost per unit to 2 decimal places Weighted Average - Perpetual Goods Purchased Cost of Goods Sold Inventory Balance Cost per #of Cost per Cost of Goods Cost per Inventory Sold Date # of units of units Balance units sold unit 140 at $ 6.00 $ 840.00 January 1 January 10 January 20 Average cost January 20 January 25 January 30 Totals FIFO >

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