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. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals Units Aequired at Coat Units sold at Retail 185 unitse $11.00 - $2,035 145 units $20.00 100 units @ $10.00- 1,000 125 units $20.00 270 units & $ 9.50 - 2,565 555 units $5,600 270 units Required: The Company uses a periodic inventory system. For specific identification, ending inventory consists of 285 units, where 270 are from the January 30 purchase, 5 are from the January 20 purchase, and 10 are from beginning inventory. Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average. (FIFO, and (c) LIFO. Complete this questions by entering your answers in the below tabs. Ch 05 Homework 6 Saved Required Information ending Inventory and to cost of goods sold using a specific identification, (b) weighted average, (FIFO, and ( LIFO. Complete this questions by entering your answers in the below tabs. Specific ld Weighted Average FIFO UFO 0156:32 Determine the cost assigned to ending inventory and to cost of goods sold using specific identification. For specific identification, ending inves 285 units, where 270 are from the January 30 purchase, 5 are from the January 20 purchase, and 10 are from beginning inventory. ok a) Specific identification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory of units Cost per Cost of Goods per Available for unit Sale of units Cost per sold unit Cost of of units Goods Sold in anong Inventory Cost per unit Endine Inventory Beginning inventory Purchases: Jan 20 Jan. 30 Total $ 0 0 $ 0 0 Weighted Average > ending inventory and to cost of goods sold using (a) specific identification. 6) weighted average, (FIFO, and (LIFO. Complete this questions by entering your answers in the below tabs. Specific Id Weighted Average LIFO 56:22 Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decimal places look D) Average Cost Cost of Goods Available for Sale Average Cost of Goods # of units Cost per Available for unit Cost of Goods Sold of units Average Cost of Cost per Goods Sold Ending Inventory # of units Average Ending In ending Cost per Inventory Inventory unit sold Sale Unit Beginning inventory Purchases Jan. 20 Jan 30 Total ewc Saved Ch 05 Homework 0 Required information ending Inventory and to cost of goods sold using (a) specific identification, (b) weighted average. (FIFO, and (LIFO. Complete this questions by entering your answers in the below tabs. nts FIFO LIFO Weighted Average Specific id 3 0166.09 Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. Cost of Goods Available for Sale eBook c) FIFO Cost of Goods Sold Ending Inventory # of units Cost Cost of Ending of units Cost per in ending per unit Inventory sold unit Goods Sold inventory # of units Cost per cost of Goods unit Available for Sale Beginning Inventory Purchases: Jan. 20 Jan. 30 0 0 Total ( > LIFO Weighted Average w Required information ending Inventory and to cost of goods sold using (6) specific identification. (b) weighted average. (FIFO, and ( LIFO. Complete this questions by entering your answers in the below tabs. points (8 0155.58 Welghted FIFO Specific Id LIFO Average Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. Ending Inventory Cost of Goods Sold Cost of Goods Available for Sale d) LIFO of units Cost Cost per cost of Goods of units Cost per cost of Ending in ending #of units por unit Inventory Available for sold unitG oods Sold inventory Sale Beginning inventory Purchases Jan 20 Jan. 30 $ 0 5 00 Total FIFO