Use the following information for the Exercises below. (Algo)

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Laker Company reported the following January purchases and sales data for its only product. For specific identification, ending inventory consists of 232 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 47 are from beginning inventory.

Date	Activities	Units Acquired at Cost	Units sold at Retail
January 1	Beginning inventory	156	units	@	$ 6.00	=	$ 936
January 10	Sales							84	units	@	$ 15.00
January 20	Purchase	76	units	@	$ 5.00	=	380
January 25	Sales							96	units	@	$ 15.00
January 30	Purchase	180	units	@	$ 4.50	=	810
	Totals	412	units				$ 2,126	180	units

Exercise 5-5A (Algo) Perpetual: Inventory costing LO P3

Assume the perpetual inventory system is used.

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.