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. For specific identification, ending inventory consists of 300 units from the January 30 purchase, 5 units from the January 20 purchase, and 25 units from beginning inventory. Date January 1 January 10 January 20 January 25 January 30 Activities Assume the perpetual inventory system is used. Required: Beginning inventory Sales Purchase Sales Purchase Totals Specific Identification Purchase Date Complete this question by entering your answers in the tabs below. FIFO LIFO Units Acquired at Cost 200 units @ $ 12.50 = $ 11.50 = @ Available for Sale Activity 130 units 300 units @ $11.00 = 630 units 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. # of units 200 $ 2,500 1,495 3,300 $ 7,295 Weighted Average Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. Specific Identification Cost Per Unit Cost of Goods Sold # of units sold Units sold at Retail 160 units @ $21.50 Cost Per Unit 140 units 300 units @ Cost of Goods Sold $21.50 Ending Inventory- Units Ending Inventory Cost Per Unit Ending Inventory- Cost

Required information The fowowing information applies to the questions displayod below] Laker Company reported the following January purchases and sales data for its only product For specific identification. ending inventory consists of 300 units from the January 30 purchase, 5 units from the January 20 purchase, and 25 units from beginning inventory. ssume the perpetual inventory system is used. quired: 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 overage: 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. assianed to ending inventory and cost of goods sold using specific identification