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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 Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 28 Purchase Jan. 25 Sales Jan. 30 Purchase Units Acquired at Cost 225 units@$15.0 3,375 180 units@ $14.00 2,520 350 units@ $13.50 4,725 Units sold at Retail 175 units $24.00 210 units$24.0e 385 units Totals 755 units $10,620 The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 370 units, where 350 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 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 questions by entering your answers in the below tabs

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