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. The Company uses a periodic inventory system. For specific identification, ending inventory consists of 200 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory. Units sold at Date Activities Units Acquired at Cost Retail Jan. 1 Beginning inventory 140 units & $6.00 - $ 640 Jan. 10 Sales 100 units e $15 Jan. 20 Purchase 60 units & $5.00 - 300 Jan. 25 Sales 80 units & $15 Jan. 30 Purchase 180 units @ $4.50 - 810 Totals $1,950 180 units 380 units Exercise 5-5A Periodic: Inventory costing LO P3 Required: Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average, () FIFO, and (d) LIFO. Complete this question by entering your answers in the tabs below. 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 consists of 200 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory. a) Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Goods # of units Cost per # of units Cost Cost of # of units Available for Ending in ending unit unit Sale Goods Sold inventory per unit Inventory Beginning inventory Purchases: Cost per sold 810 Jan. 20 Jan. 30 Total 0 S 0 $ 810 S 0 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. The Company uses a periodic inventory system. For specific identification, ending inventory consists of 200 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory. Units sold at Activities Units Acquired at Cost Retail Jan. 1 Beginning inventory 140 units @ $6.00 - $ 840 Jan. 10 Sales 100 units @ $ 15 Jan. 20 Purchase 60 units & $5.00 - 300 Jan. 25 Sales 80 units $15 Jan. 30 Purchase 180 units @ $4.50 - Totals $1,950 180 units Date 810 380 units Exercise 5-5A Periodic: Inventory costing LO P3 Required: Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average (0) FIFO, and () LIFO. Complete this question by entering your answers in the tabs below. Specific Id Weighted Average FIFO LIFO sold unit Sale 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 Cost of Goods Sold Ending Inventory Average Cost of Goods Average # of units Average # of units Cost per Available for # of units Cost per Cost of Cost in ending Ending Unit Goods Sold Inventory inventory per unit Beginning inventory Purchases: Jan. 20 This is a numeric cell, so please enter numbers only. Jan. 30 Total 0 S 0 S 0 S 0 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. The Company uses a periodic inventory system. For specific identification, ending inventory consists of 200 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory. Units sold at Date Activities Units Acquired at cost Retail Jan. 1 Beginning inventory 140 units @ $6.00 - $ 840 Jan. 10 Sales 100 units & $15 Jan. 20 Purchase 60 units @ $5.00 - Jan. 25 Sales 80 units @ $ 15 Jan. 30 Purchase 180 units @ $4.50 - Totals 380 units $1,950 180 units 300 810 Exercise 5-5A Periodic: Inventory costing LO P3 Required: Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average. (0) FIFO, and (0) LIFO. Complete this question by entering your answers in the tabs below. Specific Id Weighted Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. c) FIFO Cost of Goods Available for Sale Cost of Goods Sold Cost of Goods # of units # of units Cost per Available for Cost of unit sold Sale unit Goods Sold Beginning inventory 100 Cost per Ending Inventory # of units Cost Ending in ending per unit Inventory inventory Purchases: Jan. 20 40 Jan. 30 40 0 Total 0 S 0 180 S 0 S Required Informatlon 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. The Company uses a periodic inventory system. For specific identification, ending inventory consists of 200 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory. Units sold at Activities Units Acquired at Cost Retail Jan. 1 Beginning inventory 140 units & $6.00 - $ 640 Jan. 10 Sales 100 units & $ 15 Jan. 20 Purchase 60 units @ $5.00 - Jan. 25 Sales 80 units & $15 Jan. 30 Purchase 180 units @ $4.50 - 380 units $1,950 190 units Date 300 810 Totals Exercise 5-5A Periodic: Inventory costing LO P3 Required: Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average. (C) FIFO, and () LIFO. Complete this question by entering your answers in the tabs below. FIFO Specific Id Weighted LIFO Average Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. d) LIFO Cost of Goods Available for Sale Cost of Goods Sold Cost of Goods # of units Cost per # of units Cost per Cost of Available for unit sold unit Goods Sold Sale Beginning inventory Purchases: Ending Inventory # of units Cost in ending Ending inventory per unit Inventory Jan. 20 Jan. 30 Total 0 S 0 0 S 0 S