Required information

Use the following information for the Exercises $3\mathrm{.}7$ below. $($Algo$)$

$[$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 perpetual inventory system. 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.

Exercise $5-3($Algo$)$ Perpetual: Inventory costing methods LO P$1$

Required:

Complete the table to determine the cost assigned to ending ipyentory and cost of goods sold using specific identification.

$2$ Determine the cost assigned to ending inventory and to cost of fods sold using weighted average.

Determine the cost assigned to ending inventory and to cost of gods sold using FiFO

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.

Specific id

Weighted

FIFO

Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification.

$\backslash$table$[[$Specificuldentilication$],[$Purchase Date,Avallabie for Sale,Cost of Goods Sold,Ending Inventory$],[$Actrifity$,$of upits,$\backslash$table$[[$Cosi Per$],[$Unil$]],\backslash$table$[[$of units$],[$sold$]],$Cost Per Unit,coGs,$\backslash$table$[[$Ending$],[$Imventory$.],[$Unils$]],$Cost Per Unit,$\backslash$table$[[$Ending$],[$Inventory$-$Cost$]]],[$January $1,$Beginning inventory,$200,,,,,,,],[$January $20,$Purchase,$130,,,,,,,],[$January $30,$Purchase,$300,,,,,,,],[,,630,,0,,5,0,,5]]$