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Required Information Use the following information for the Exercises below. [The following information applies to the questions displayed below) Laker Company reported the following January

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Required Information Use the following information for the Exercises below. [The following information applies to the questions displayed below) Laker Company reported the following January purchases and sales data for its only product Units Acquired at cost 190 units $7.00 $1,338 Units sold at Reta 150 units $16.ee Date Activities Jan. 1 Beginning inventory Jan. 1e Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals 110 st $5. 138 units $16.00 $5.50 280 units @ Se units 33.5 unit Exercise 6-5A Periodic: Inventory costing LO P3 Required: The Company uses a periodic Inventory system for specific identication, ending Inventory consists of 300 units where 280 are from the January 30 purchase. 5 are from the January 20 purchase and 15 ore from beginning Inventory. Determine the cost assigned to ending Inventory and to cost of goods sold using a specific identification of weighted average, FO, and if LIFO Complete this questions by entering your answers in the below tabs. Weighted Average FIFO Specificid vente d e cidid purch ation. For specific identification ending and 15 are from beginning inventory Determine the cost ansigned to ending intery 300 units, where 280 are from the B ay 10 purch coat Specife Identification a Nel The Company uses a periodic inventory system. For specific identification, ending inventory consists of 300 units, where 280 gre from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory Determine the cost assigned to ending inventory and to cost of goods sold using a specific identification () weighted average. (FFO, and (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.com 300 units, where 280 are from the January 30 purchases are from the January 20 purchase, and 15 are from beginning inventory a) Specific Identification Ending Inventory Cost of Goods Availab Cost of Goods of units unit Cost per Aviable for units Cost per unit Cost of Goods Sold In ending Cost per un Ending Inventory Beginning inventory Purchases Jan 20 Jan 30 W ed Averme> 24 Ned

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