[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 Units Acquired at cost unts sold at ketati Jan. 1 Beginning inventory 1.40 units i $6.ee - $ Bae, Jan. 1e Sales soll units. Sis Jan. 2e Purchase 60 units @ $5.00 - 300 Jan. 25 Sales 80 units $ 15 Jan. 30 Purchase BBC units $4.50 - B10 Totals 380 units si,ase 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. Prev 1 2 of 218 Next > arch o O Bi 531 a ! Required information Specific id Weyhieu Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cost per Weighted Average - Perpetual: Goods Purchased Cost of Goods Sold Inventory Balance Date Cost per # of units # of units sold unit Cost per Cost of Goods unit Sold Cost per # of units unit Inventory Balance 140 $ 6.00 = $ 840.00 January 1 January 10 January 20 Average cost January 25 January 30 Totals Prev 2 of 2 Next > arch o mi E a Saved HOME Required information Perpetual FIFO: Date Goods Purchased # of units unit Cost per Cost of Goods Sold # of units Cost of Goods sold unit Sold Cost per Inventory Balance Inventory # of units unit Balanco Cost per January 1 140 @ $ 6.00 = $ 840.00 January 10 January 20 January 25 January 30 Prev 1 2 of 2 Next > search o O a BI ES Required information REY January 30 Totals CD 1 2 Prey of 2 Next > o a ** arch i ROLL Required information Perpetual LIFO: Goods Purchased #of Cost per units unit Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Cost per Date Inventory Balance # of units Inventory unit Balance 140 @ $ 6.00 = $ 840.00 January 1 January 10 January 20 January 25 January 30 Prey 1 2 of 2 Next > 9 a *** ORI ch YouTube Maps Syllabus Article Help Save & vod 1 Chap 5 Required information January 30 Totals (FIFO 1 Next > 2 of 2 Prey a F * OR | co search