Saved Required information [The following information applies to the questions displayed below.) Laker Company reported the following January purchases and sales data for its only product. Date Activities Beginning Jan. 1 inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals Units Acquired at Cost Units sold at Retail 215 units @ $14.00 - $3,010 165 units @ $23.00 160 units @ $13.00 = 2,080 190 units @ $23.00 355 units @ $12.00 = 4,260 730 units $9,350 355 units Required: The Company uses a periodic inventory system. For specific identification, ending inventory consists of 375 the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory. Dete ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (c) FIFO, an 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 specifi 375 units, where 355 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from be a) Specific Identification Cost of Goods Available for Sale Cost of Goods Cost of Goods Sold Ending Invel # of units Totals 730 units $9,350 355 units Required: The Company uses a periodic inventory system. For specific identification, ending inventory consists of 375 units, where 355 are 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, (b) weighted average, () FIFO, and (c) 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 375 units, where 355 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 Cost per of units # of units # of units Cost per Available for Cost of Cost unit Ending sold unit Sale in ending Goods Sold inventory per unit Inventory Beginning inventory Purchases: Jan. 20 Jan. 30 Total $ 0 0 $ 0 0 $ O Specific Weighted Average > m Saved He Totals 730 units $9,350 355 units Required: The Company uses a periodic Inventory system. For specific identification, ending inventory consists of 375 units, where 355 are 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, (b) weighted average. (c) FIFO, and (LIFO. Complete this questions by entering your answers in the below tabs. Specific Weighted Average FIFO LIFO 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 Average Cost of Goods # of units Cost per Available for unit Sale Cost of Goods Sold # of units Average Cost per Cost of sold Unit Goods Sold Ending Inventory # of units Average Ending in ending Cost per inventory unit Inventory Beginning inventory Purchases: Jan. 20 Jan. 30 Total 0 $ $ 0 $ 0 Saved erm 0 Totals 730 units $9,350 355 units Required: The Company uses a periodic-inventory system. For specific identification, ending inventory consists of 375 units, where 355 the January 30 purchase 5 are from the January 20 purchase, and 15 are from beginning inventory. Determine the cost ass ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (c) FIFO, and (d) 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 LIFO. d) LIFO Cost of Goods Available for Sale Cost of Goods Sold Cost of Goods Cost per # of units Cost per # of units Cost of Available for unit sold Goods Sold Sale Beginning inventory Purchases: Ending Inventory # of units Cost Ending in ending Inventory inventory unit per unit Jan. 20 Jan. 30 Total 0 $ 0 0 $ 0 0 $ 0