Required information The following information applies to the questions displayed below) Laker Company reported the...
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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. The Company uses a perpetual inventory system. For specific identification, ending Inventory consists of 200 units from the January 30 purchase, 5 units from the January 20 purchase, and 25 units from beginning inventory M. Ust Aquired at cost Beginning inventory $ 1.125 January 10 sales January 20 80 units 3.6.50 - 200 units 66.00 - 1.200 January Units sold at Retail 150 units # $ 7.50 110 units . $16.50 520 January 25 January 30 Purchase Balea Purchase 90 unita + $16.50 Totale 430 unite 52,845 200 unita 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 FIFO 4. Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. Complete this question by entering your answers in the tabs below. Specific Id Weighted Average FIFO LJFO Complete the table to determine the cost assigned to ending Inventory and cost of goods sold using specific identification Specific Identification Aline

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