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 245 units, where 210 are from the January 30 purchase, 5 are from the January 20 purchase, and 30 are from beginning inventory. Units Acquired at Cost 155 units @ $8.00 = $1,240 Units sold at Retail 115 units @ $17.00 Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals 90 units @ $7.00 = 630 95 units @ $17.00 210 units@ $6.50 = 1,365 455 units $3,235 210 units Required: Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average (9 FIFO, and (d) LIFO. Bunu Required information Complete this questions by entering your answers in the below tabs. Weighted Specific id FIFO LIFO Average Determine the cost assigned to ending inventory and to cost of goods sold using specific identification For specific identification, ending inventory consists o 245 units, where 2.0 are from the Lanuary 30 purchase, 5 are from the January 20 purchase, and 30 are from beginning inventory -) Specific Identification Cost of Goods Available for So Cost of Goods Sold Ending Inventory Cost of Goods of its Cost per of units a of its Cost of Cost Ending unit Salle unit in ending Goods Sold inventory per unit Inventory Beginning inventory Purdines Jan 2: Jan 30 0 To 0 5 0 Cost per Mailable for 0 Weighted Average Required information Complete this questions by entering your answers in the below tabs Specific ld Welighted Average FLFO LIFO of units Cost per Inventory Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decimal places.) 6) Average Cost Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Average Cost of Goods Average Cost of #of units Average of units Cost per Available for Cost per Ending in ending unit sold Sale Goods Sold Unit inventory unit Beginning inventory Purchases Jan 20 Jan 30 Tot 5 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 Available for Sale Cost of Goods Sold Cost of Goods of units Hof units Cost per Available for Cost of unit Sale sold unit Cost per Ending Inventory # of units Cost Ending per unit Inventory inventory Goods Sold in ending Beginning inventory Purchases Jan 20 Jan 30 0 s 5 0 Weighted Average LIFO >