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0 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. Date Activities Units Acquired at Cost Units sold at Retail Jan. 1 Beginning an. 10 Sales an. 20 Purchase Jan. 25 Sales Jan. 30 Purchase 220 units@ $14.50 $3,190 170 units@ $13.50 2,295 340 unitse $13.ee - 4.420 inventory 17e units e $23.50 200 units $23.5e Totals 730 units $9,905 370 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 360 units, where 340 are from the January 30 purchase, 5 are from the Januery 20 purchase, and 15 are from beginning inventory Required omplete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. 2. Determine the cost ossigned 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 ond to cost of goods sold using LIFO Complete this questions by entering your answers in the below tabs. 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 FIFC 4. Determine the cost assigned to ending inventory and to cost of goods sold using LIFo Complete this questions by entering your answers in the below tabs. 0-27 Required 1 Required 2 Required 3 Required 4 Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. Specific Identification Available for Sale Cost of Goods Sold Ending Inventory Ending Cost Per Inventory- Unit Units Unit Cost COGS Inventory- Unit Ending Purchase Date Activity Units Unit t Sol Units Jan. 1 Jan 20 Jan. 30 Beginning inventory Purchase Purchase 220 170 340 730 Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decimal p Weighted Average Pemetual: Goods Purchased #of-l cost per Cost sold Cost per unitsunit Cost per Cost of Goods! Cost per Inventory Balance | #of # of units unit Date units January 1 January 10 January 20 unit sold 210:19 220 14.50$3,190.00 ook Average cost January 25 January 30 Totals C Required 1 Required3 > Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. Perpetual FIFO: Goods Purchased #of units Cost perl unit # of units sold | Cost per Cost of Goods | . # of units Cost per Inventory Balance Date unit Sold unit January 1 January 10 January 20 220 $14.50$3,190.00 January 25 January 30 Totals Required 4 - Required 1 Required 2 Required 3 Required 4 Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. Perpetual LIFO Goods Purchased #of units Cost of Goods Sold Inventory Balance Cost per! unit r Cost of Goods | # of units sold Date Cost per # of units Cost per Inventory nitSold unit Balance January 1 January 10 January 20 220 $ 14.50$3,190.00 January 25 January 30 Totals

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