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 330 units, where 300 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning inventory. Activities Date Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals Units Acquired at Cost 200 units@ $12.50 = $2,500 130 units@ $11.50 = 300 units@ $11.00 = 630 units 1,495 Units sold at Retail 160 units@ $21.50 140 units@ $21.50 3,300 $7,295 300 units Required: Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (c) FIFO, and (d) LIFO.

Required informetion [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 330 units, where 300 are from the January 30 purchase. 5 are from the January 20 purchase, and 25 are from beginning inventory. Required: Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (c). FIFO, and ( d ) LFO Itermine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decimal places.) (4) Required information FIFO, and () LFO Complete this questions by entering your answers in the below tabs. \begin{tabular}{l|l} WeightedAverage & FIFO \end{tabular} Determine the cost assigned to ending inventory and to cost of goods sold using specific identification. For specific identification, ending inventory consists 330 units, where 300 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning inventory. Itermine the cost assigned to ending inventory and to cost of goods sold using FIFO. UFO > Itermine the cost assigned to ending inventory and to cost of goods sold using LIFO. Determine the cost assigned to ending inventory and to cost of goods sold using specific identification, For specific identification, ending inventory consists o 330 units, where 300 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning inventory