Use the following information for the Exercises below. The following information applies to the questions displayed below.) Laker Company reported the following January purchases and sales data for its only product. Units sold at Date Activities Units Acquired at Cost Retail Jan. 1 Beginning inventory 148 units @ $6.00 = $ 848 Jan. 10 Sales 100 units @ $15 Jan. 20 Purchase 60 units @ $5.00 - 300 Jan. 25 Sales 80 units @ $15 Jan. 30 Purchase 180 units @ $4.5 = 810 Totals 380 units $1,950 180 units Exercise 5-5A Periodic: Inventory costing LO P3 Required: 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 Determine the cost assigned to ending inventory and to cost of goods sold using () specific identification, (6) weighted average. (a FIFO, and (LIFO. 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, 200 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning invento a) Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Goods # of units # of units Cost per Cost of # of units Available for Cost Ending unit sold unit Sale per unit Inventory inventory Beginning inventory Purchases Cost per Goods Sold in ending Jan. 20 Jan 30 Total 0 Weighted Average > Complete this questions by entering your answers in the below tabs. Specific id Weighted FIFO Average LIFO Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 deci b) Average Cost Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Average Cost of Goods # of units Average Cost of # of units Average Ending # of units Cost per Available for Cost per Goods Sold in ending sold Cost Inventory Sale Unit Inventory per unit Beginning inventory Purchases Jan. 20 Jan. 30 Total $ unit 0 Specific Id Weighted Average FIFO LIFO C) FIFO Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. Cost of Goods Available for Sale Cost of Goods Sold Cost per Cost of Goods # of units Cost per Cost of # of units Available for unit Sale sold unit Goods Sold Beginning inventory Purchases: Ending Inventory # of units Cost Ending in ending per unit Inventory inventory Jan. 20 Jan 30 Total 0 $ Specific Id Weighted Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. d) LIFO Cost of Goods Available for Sale Cost of Goods Sold Cost per Cost of Goods # of units Cost per Cost of Available for Sale unit Beginning inventory Purchases: # of units Ending Inventory #of units Cost Ending inventory per unit Inventory unit sold Goods Sold in ending Jan, 20 Jan. 30 Total 0 $ 0