[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 perpetual inventory system. For specific identification, ending inventory consists of 180 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. Date January 1 January 10 January 20 Activities Beginning inventory 140 units Units Acquired at Cost @$ 6.00 = Units sold at Retail $840 January 25 January 30 Sales Purchase Sales 100 units @ $15 60 units @ $5.00- 300 80 units @ $15 Purchase Totals 180 units 380 units $4.50 810 $1,950 180 units The Company uses a periodic inventory system. For specific identification, ending inventory consists of 180 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units 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 (d) LIFO. Answer is complete but not entirely correct. 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 specific identification. For specific identification, ending inventory consists of 180 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. a) Specific Identification < Prev 15 16 of 22 Next > ine Company uses a penodic inventory system. For specific identification, enaing inventory consists of 18U units from the January Ju purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. Determine the cost assigned to ending i inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (c) FIFO, and (d) LIFO. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Specific Id Weighted FIFO LIFO Average Determine the cost assigned to ending inventory and to cost of goods sold using specific identification. For specific identification, ending inventory consists of 180 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. a) Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Cost of # of Goods units per Available: units Cost per Cost of # of units Cost Ending Goods in ending unit for Sale sold unit Sold inventory per unit Inventory Beginning inventory 140 $0.00 $ 840 840 $6.00 $ 5,040 100 $ 600 6.00 Purchases January 201 60 $5.00 300 300 $5.00 1,500 January 301 180 $4.50 810 810 $ 4.50 3,645 100 0 0 805.00 400 Total 380 1,950 1,950 $ 10,185 100 $1,000 Specific id Weighted Average > ine company uses a penoaic inventory system. For specific identification, ending inventory consists or 180 units from the January su purchase, 5 units from the January 20 purchase, and 15 units 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 (d) LIFO. Answer is complete but not entirely correct. 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 decimal places.) b) Weighted average - Periodic Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of # of units Average Cost per unit Goods # of units Average Cost Cost of # of units Goods Available for Sale sold per Unit Sold In ending inventory Average Cost per unit Ending Inventory Beginning inventory 140 840 Purchases: January 201 60 300 January 30 180 810 Total 380 $40.00 $ 1,950 380 $ 4.00 $ 1,520 4 $ 4.00 $ 16 < Specific Id FIFO > ine Company uses a periodic inventory system. For specific identification, enaing inventory consists of 180 units from the January Ju purchase, 5 units from the January 20 purchase, and 15 units 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 (d) LIFO. Answer is complete but not entirely correct. 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. c) Periodic FIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost Cost of # of # of Cost Goods units per units Available per Cost of Goods # of units unit sold unit for Sale Sold in ending inventory Cost per unit Ending Inventory Beginning inventory 140 6.00 $ 840 140 $6.00 S $ 840 100 $ 600 6.00 Purchases: January 20 60 5.00 300 60 $5.00 300 0 January 30 180 4.50 810 180 $ 4.50 $ 810 80x 4.50 360 Total 380 $ 1,950 380 $ 1,950 180 $ 960 < Weighted Average LIFO > ine Company uses a periodic inventory system. For specific identification, enaing inventory consists of 180 units from the January su purchase, 5 units from the January 20 purchase, and 15 units 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 (d) LIFO. Answer is complete but not entirely correct. 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. d) Periodic LIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost # of units Cost of Goods per Available unit # of units sold Cost Cost of # of units Cost per Goods in ending per for Sale unit Sold Ending Inventory inventory unit Beginning inventory 140 6.00 $ 840 140 $6.00 $ $ 840 100 $ 600 6.00 Purchases: January 20 60 5.00 300 60 $5.00 $ 300 80 400 5.00 January 30 180 4.50 810 180 $ 4.50 810 0 Total 380 $ 1,950 380 $ 1,950 180 $ 1,000