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 Beginning Jan. 1 inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals Units Acquired at Cost Units sold at Retail 235 unitse $16.00 - $ 3,760 185 units $25.00 180 units @ $15.00 - 2,700 200 units e $25.00 385 units $14.50 5,582 800 unita $12,042 385 units moes Required: The Company uses a periodic inventory system. For specific identification, ending Inventory consists of 415 units, where 385 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, (6) weighted average. (FIFO, and (c) LIFO. Complete this questions by entering your answers in the below tabs. Weighted ATANA Specific id FIFO LIFO Required information 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 415 units, where 385 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 # of units Cost per Cost of unit sold Sale unit Goods Sold Ending Inventory of units Cost Ending in ending inventory per unit Inventory Beginning inventory Purchases Jan. 20 Jan 30 Total 0 Specifield Weighted Average > Required information Complete this questions by entering your answers in the below tabs. Weighted Average FIFO LIFO Specific Id ***** 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 Average Cost of Goods # of units Cost per Available for unit Sale Cost of Goods Sold Average # of units Cost of sold Cost per Goods Sold Ending Inventory # of units Average Ending in ending Cost per Inventory inventory unit Unit ces Beginning inventory Purchases Jan 20 Jan. 30 $ 0 Total Complete this questions Weighted Average FIFO LIFO Specific Id Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. Cost of Goods Sold c) FIFO Cost of Goods Available for Sale Cost of Goods # of units unit # of units Cost per sold unit Cost per Available for Sale Ending Inventory # of units Cost Ending in ending Inventory Inventory Cost of Goods Sold per unit Beginning inventory Purchases: Jan. 20 Jan. 30 Total 0 $ 0 LIFO >