Laker Company reported the following January purchases and sales data for its only product. Date Activities...

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Laker Company reported the following January purchases and salesdata for its only product. Date Activities Units Acquired at CostUnits sold at Retail Jan. 1 Beginning inventory 240 units @ $ 16.50= $ 3,960 Jan. 10 Sales 190 units @ $ 25.50 Jan. 20 Purchase 170units @ $ 15.50 = 2,635 Jan. 25 Sales 190 units @ $ 25.50 Jan. 30Purchase 380 units @ $ 15.00 = 5,700 Totals 790 units $ 12,295 380units rev: 09_15_2017_QC_CS-99723 Required: The Company uses aperiodic inventory system. For specific identification, endinginventory consists of 410 units, where 380 are from the January 30purchase, 5 are from the January 20 purchase, and 25 are frombeginning inventory. Determine the cost assigned to endinginventory and to cost of goods sold using (a) specificidentification, (b) weighted average, (c) FIFO, and (d) LIFO.

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Laker Company reported the following January purchases and salesdata for its only product. Date Activities Units Acquired at CostUnits sold at Retail Jan. 1 Beginning inventory 240 units @ $ 16.50= $ 3,960 Jan. 10 Sales 190 units @ $ 25.50 Jan. 20 Purchase 170units @ $ 15.50 = 2,635 Jan. 25 Sales 190 units @ $ 25.50 Jan. 30Purchase 380 units @ $ 15.00 = 5,700 Totals 790 units $ 12,295 380units rev: 09_15_2017_QC_CS-99723 Required: The Company uses aperiodic inventory system. For specific identification, endinginventory consists of 410 units, where 380 are from the January 30purchase, 5 are from the January 20 purchase, and 25 are frombeginning inventory. Determine the cost assigned to endinginventory and to cost of goods sold using (a) specificidentification, (b) weighted average, (c) FIFO, and (d) LIFO.