the Company uses a periodic inventory system. For specific identification, ending inwentory consists of 370 units from the January 30 surchase. 5 units from the January 20 purchase, and 15 units from beginning inventory. Determine the cost assigned to ending nventory and to cost of goods sold using (d) specific identification, (b) weighted average, (c) FIFO, and ( d ) UIFO. Complete this question by entering your answers in the tabs below. Determine the cost assigned to ending inwentory and to cost of goods sold using weighted awerage. Note: Round eost per unit to 2 deomal places. he Company uses a periodic inventory systern, For specific identification, ending inventory consists of 370 units from the January 30 urchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. Determine the cost assigned to ending mentory and to cost of goods sold using (a) specific identification, (b) weighted average, (c) FFF, and (o) UFO. Complete this question by entering your answers in the tabs below. Determine the cost assigned to ending inventory and to cost of goods sold using specinc identification. For specific identincotion, ending inventor January 30 purchase, 5 units from the danuary 20 purchese, and 15 units from beginning inventory the Company uses o periodic inventory system. For specific identification, ending inventory consists of 370 units from the January 30 outchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. Determine the cost assigned to ending nventory and to cost of goods sold using (a) specific identification, (b) weighted average. (C) FIFO, and (c) LIFO. Complete this question by entering your answers in the tabs below. Determine the cost assigned to ending inventory and to cost of goods sold using tiro. he Company uses a periodic inventory system. For specific identification, ending inventory consists of 370 units from the January 30 urchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. Determine the cost assigned to ending aventory and to cost of goods sold using (o) specific identification, (b) weighted average, (c) FIFO, and (d) LIFO. Complete this question by entering your answers in the tabs below. Determine the cost assigned to ending inventory and to cost of goods sold using Fifo. 2. Which method yields the highest gross profit? 3. Does gross profit using weighted average fall between that using FIFO and LIFO? 4. If costs were rising instead of falling, which method would yield the highest gross profit? Complete this question by entering your answers in the tabs below. Compute gross profit for the month of January for Laker Company for the four inventory methods. Note: Round cost per unit to 2 decimal places and final answers to the nearest whole dollars. 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. For specific identification. ending inventory consists of 370 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. Assume the perpetual inventory system is used. Required: 1. Compute gross profit for the month of January for Laker Company for the four inventory methods. 2. Which method yields the highest gross profit? 3. Does gross profit using weighted average fall between that using FIFO and LIFO? 4. If costs were rising insteod of fating. which mothod would yield the highest gross profit