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. Activities Units Acquired at Cost Units sold at Retail Beginning inventory 180 units & $10.50 - $1,890 Jan. 10 Sales Jan. 20 Purchase 110 units & $ 9.50 - 1,045 Jan. 25 Sales Jan. 30 Purchase 270 unitne $ 9.00 - 2, 430 560 units $5,365 270 units Date Jan. 1 140 units @ $19.50 130 units @ $19.50 Totals Ana ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (d) HFU, and Complete this questions by entering your answers in the below tabs. FIFO LIFO Specific Id Weighted Average 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 # of units Average Average # of units Cost per # of units Cost of Available for Cost per Ending sold in ending Cost per unit Sale Goods Sold Unit inventory unit Inventory Beginning inventory Purchases Jan. 20 Jan. 30 Total 0 $ 0 $ 0 $ 0 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 in 290 units, where 270 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 of Cost unit Available for Ending sold unit in ending Sale Goods Sold per unit Inventory inventory Beginning inventory Purchases: # of units Cost per Jan. 20 Jan. 30 Total 0 $ 0 0 $ 0 0 $ 0 Specited Weighted Average Specific Id Weighted FIFO LIFO Average 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 Cost per # of units Available for # of units Cost per Cost of unit sold unit Sale Goods Sold Beginning inventory Purchases: Ending Inventory # of units Cost in ending Ending Inventory inventory per unit Jan. 20 Jan. 30 Total 0 $ 0 0 $ 0 0 $ 0 Complete this questions by entering your answers in the below tabs. Weighted Specific Id FIFO 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 Cost per # of units Cost of #of units Cost per Available for unit sold Sale unit Goods Sold Beginning inventory Purchases Ending Inventory #of units Cost Ending in ending per unit Inventory inventory Jan. 20 Jan. 30 Total 0 $ 0 0 $ 0 0 $ 0 FIFO LIFO