[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. Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals Units sold at Units Acquired at Cost 140 units $6.00 $ 840 Retail 100 units @ $15 60 units @ $5.00 = 180 units 380 units 300 80 units @ $15 $4.50- 810 $1,950 180 units 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. Complete this question by entering your answers in the tabs below. Specific Id Weighted Average FIFO LIFO Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. Specific Identification Available for Sale Purchase Date Activity Jan. 1 Jan. 20 Jan. 30 Beginning inventory Purchase Purchase Cost of Goods Sold # of Cost Per units Unit # of units Cost Per Unit Ending COGS Inventory- Ending Inventory Cost Per Unit sold Units Ending Inventory- Cost 140 60 180 380 0 $ 0 0 $ 0 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. Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals 60 units $5.00- Units sold at Units Acquired at Cost 140 units @ $6.00 $ 840 Retail 100 units $15 300 80 units $15 180 units @ $4.50- 380 units 810 $1,950 180 units 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. 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 weighted average. (Round cost per unit to 2 decim Weighted Average - Perpetual: Goods Purchased Cost of Goods Sold Inventory Balance Date # of units Cost per unit # of units sold Cost per Cost of Goods unit # of units Sold Cost per unit Inventory Balance January 1 140 @$6.00 $ 840.00 January 10 January 20 Average cost January 25 January 30 Totals Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Units Acquired at Cost 140 units $6.00 $ 840 Units sold at Retail 100 units @ $15 Jan. 25 Sales Jan. 30 Purchase Totals 60 units @ $5.00 = 300 80 units @ $15 180 units @ $4.50- 380 units 810 $1,950 180 units 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. 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. Perpetual FIFO: Goods Purchased Cost of Goods Sold Date # of units unit Cost per # of units sold unit Cost per Cost of Goods Sold # of units Inventory Balance Cost per unit Inventory Balance January 1 January 10 January 20 January 25 January 30 Totals 140 @$6.00 $ 840.00 Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals Units Acquired at Cost 140 units $6.00 $ 840 60 units @ $5.00- Units sold at Retail 100 units $15 300 80 units @ $15 180 units @ $4.50- 380 units 810 $1,950 180 units 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. 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 LIFO. Perpetual LIFO: Goods Purchased Cost of Goods Sold # of Date units Cost per # of units unit sold Cost per Cost of Goods unit Sold Inventory Balance Cost per # of units unit January 1 Inventory Balance 140 $6.00 $840.00 January 10 January 20 January 25 January 30 Totals