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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 sold at Retail Units Acquired at Cost 185 units $11.00 - $2,035 145 units e $20.00 Date Activities Jan. 1 Beginning inventory Jan. 10 Saly Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals 1,000 125 units e $20.00 100 unitse $10.00 - 270 unitse $ 9.50 - 555 units 2,565 $5,600 270 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 285 units, where 270 are from the January 30 purchase, 5 are from the January 20 purchase, and 10 are from beginning inventory Exercise 6-3 Perpetual: Inventory costing methods LO P1 Required: 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.

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