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 Units Acquired at Cost Units sold at Retail 175 units @ $10.00 = $1,750 135 units @ $19.00 Activities Beginning Jan. 1 inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals 130 units @ $ 9.00 = 1,170 140 units @ $19.00 275 units @ $ 8.00 = 580 units 2,200 $5,120 275 units Required: The Company uses a periodic inventory system. For specific identification, ending inventory consists of 305 units, where 275 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning inventory. 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. 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 specific identification. For specific identification, ending inventory consists of 305 units, where 275 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning inventory. a) Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Cost of Goods # of units Cost per Available for unit Sale Ending Inventory # of units Cost Ending in ending per unit Inventory inventory of units sold Cost per unit Cost of Goods Sold Beginning inventory Purchases: Jan. 20 Jan. 30 Total 0 $ 0 $ 0 0 $ Required: The Company uses a periodic inventory system. For specific identification, ending inventory consists of 305 units, where 275 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning inventory. Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (C) FIFO, and (c) LIFO. 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 weighted average. (Round cost per unit to 2 decimal places.) b) Average Cost Cost of Goods Available for Sale Cost of Goods Sold Average # of units Cost per unit Cost of Goods Available for Sale # of units sold Average Cost per Unit Cost of Goods Sold Ending Inventory # of units Average Ending in ending inventory unit Inventory Cost per Beginning inventory Purchases: Jan. 20 Jan. 30 Total 0 $ 0 $ 0 $ 0 Required: The Company uses a periodic inventory system. For specific identification, ending inventory consists of 305 units, where 275 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning inventory. Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (C) FIFO, and (c) LIFO. 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 ost per Available for unit Sale # of units of units sold Cost per unit Ending Inventory # of units Cost in ending Ending inventory Inventory Cost of Goods Sold per unit Beginning inventory Purchases: Jan. 20 Jan. 30 Total 0 $ 0 $ 0 $ 0 Required: The Company uses a periodic inventory system. For specific identification, ending inventory consists of 305 units, where 275 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning inventory. 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. 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 LIFO. d) LIFO Cost of Goods Available for Sale Cost of Goods Sold Cost of Goods Cost per Available for unit Sale # of units # of units sold Cost per unit Ending Inventory # of units Cost Ending in ending inventory per unit Inventory Cost of Goods Sold Beginning inventory Purchases: Jan. 20 Jan. 30 Total 0 $ 0 $ 0 0 $ 0 FIFO