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Laker Company reported the following January purchases and salesdata for its only product.

Date			Activities	Units Acquired at Cost								Units sold at Retail
Jan.	1		Beginning inventory	175	units	@	$	10.00	=	$	1,750
Jan.	10		Sales										135	units	@	$	19.00
Jan.	20		Purchase	130	units	@	$	9.00	=		1,170
Jan.	25		Sales										140	units	@	$	19.00
Jan.	30		Purchase	250	units	@	$	8.50	=		2,125
			Totals	555	units					$	5,045		275	units

The Company uses a perpetual inventory system. For specificidentification, ending inventory consists of 280 units, where 250are from the January 30 purchase, 5 are from the January 20purchase, and 25 are from beginning inventory.

Required:
1. Complete the table to determine the costassigned to ending inventory and cost of goods sold using specificidentification.
2. Determine the cost assigned to ending inventoryand to cost of goods sold using weighted average.
3. Determine the cost assigned to ending inventoryand to cost of goods sold using FIFO.
4. Determine the cost assigned to ending inventoryand to cost of goods sold using LIFO.

	Weighted Average - Perpetual: Goods Purchased Cost of Goods Sold Inventory Balance Date # of units Cost per unit # of units sold Cost per unit Cost of Goods Sold # of units Cost per unit Inventory Balance January 1 175 @ $10.00 = $1,750.00 January 10 135 @ $10.00 = $1,350.00 January 20 130 @ $9.00 @ 130 @ $9.00 = 1,170.00 Average cost 130 @ $1,170.00 January 25 January 30 Totals $1,350.00