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Use the following information for the Exercises below. $($Algo$)$

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Laker Company reported the following January purchases and sales data for its only product. For specific identification, ending inventory consists of $210$ units, where $180$ are from the January $30$ purchase, $5$ are from the January $20$ purchase, and $25$ are from beginning inventory.

Date Activities Units Acquired at Cost Units sold at Retail

January $1$ Beginning inventory $145$ units @ $ $6\mathrm{.}00=$ $ $870$

January $10$ Sales $95$ units @ $ $15\mathrm{.}00$

January $20$ Purchase $65$ units @ $ $5\mathrm{.}00=325$

January $25$ Sales $85$ units @ $ $15\mathrm{.}00$

January $30$ Purchase $180$ units @ $ $4\mathrm{.}50=810$

Totals $390$ units $ $2,005180$ units

Exercise $5-5$A $($Algo$)$ Perpetual: Inventory costing LO P$3$

Assume the perpetual inventory system is used.

Required:

Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification.

Determine the cost assigned to ending inventory and to cost of goods sold using weighted average.

Determine the cost assigned to ending inventory and to cost of goods sold using FIFO.

Determine the cost assigned to ending inventory and to cost of goods sold using LIFO.

Exercise $5-5$A $($Algo$)$ Perpetual: Inventory costing LO P$3$

Assume the perpetual inventory system is used.

Required:

Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification.

Determine the cost assigned to ending inventory and to cost of goods sold using weighted average.

Determine the cost assigned to ending inventory and to cost of goods sold using FIFO.

Determine the cost assigned to ending inventory and to cost of goods sold using LIFO.