work Saved Help Required information [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 60 units@ $5.00300 180 units $4.50810 Reta Jan. 1 Beginning inventory 140 units $6.00$ 840 Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase 100 units $15 80 units@ $15 Totals 380 units $1,950 180 units The Company uses a perpetual 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 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 inveritory and to cost of goods sold using FIFO 4. Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. Prev 1 2 of 4 Next >