Refer to the information in Exercise and assume the periodic inventory system is used. Determine the costs assigned to ending inventory and to cost of goods sold using

In Exercise Laker Company reported the following January purchases and sales data for its only product.

(a) Specific identification,

(b) Weighted average,

(c) FIFO,

(d) LIFO. (Round per unit costs and inventory amounts to cents.)

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Units Acquired at Cost 140 units @ $6.00 840 60 units @ $5.00 = 300 180 units@ $4.50810 Date Activities Units Sold at Retail Jan. Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase. 100 units@ $15 80 units @ $15 Totals. 380 units $1,950 80 units