Required information. Use the following information for the Exercises 3-7 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 periodic inventory system. For specific identification, ending inventory consists of 202 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 17 are from beginning inventory. Date Activities January 1 Beginning inventory January 10 Sales January 20 Purchase. January 25 Sales January 30 Purchase Totals Units Acquired at Cost 141 units @ $6.00 = 61 units @ $5.00 = Units sold at Retail $ 846 99 units @ 305 81 units e $ 15.00 $ 15.00 180 units @ $ 4.50 382 units 810 $ 1,961 180 units Exercise 5-5A (Algo) Perpetual: Inventory costing LO P3 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 19 dtv Prev 1 of 3 Next > A MacBook Air