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[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

[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 Units Acquired at Cost Units sold at Retail
Jan. 1 Beginning inventory 230 units @ $ 15.50 = $ 3,565
Jan. 10 Sales 180 units @ $ 24.50
Jan. 20 Purchase 190 units @ $ 14.50 = 2,755
Jan. 25 Sales 220 units @ $ 24.50
Jan. 30 Purchase 360 units @ $ 14.00 = 5,040
Totals 780 units $ 11,360 400 units

The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 380 units, where 360 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory.

Required: 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.

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