[The following information applies to the questions displayed below.] Laker Company reported the following January purchases...

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[The following information applies to the questions displayed below.] Laker Company reported the following January purchases and sales data for its only product. For specific identification, ending inventory consists of 340 units from the Date Activities January 1 Beginning inventory 210 units @ Units Acquired at Cost $13.50 = Units sold at Retail $ 2,835 January 10 January 20 Sales 160 units @ $ 22.50 Purchase 150 units @ $12.50 = 1,875 January 25 January 30 Sales Purchase Totals 180 units $ 22.50 340 units @ $ 12.00 = 700 units 4,080 $ 8,790 340 units Award: 1.80 points Assume the perpetual inventory system is used. 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 Identification Weighted Average FIFO LIFO Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. Specific Identification Available for Sale Cost of Goods Sold Ending Inventory Purchase Date Activity # of units Cost Per # of units Unit sold Cost Per Unit Cost of Goods Sold Ending Inventory- Units Cost Per Unit Ending Inventory-Cost January 1 January 20 Beginning inventory Purchase 210 $ 13.50 15 $ 13.50 $ 203 150 $ 12.50 January 30 Purchase 340 $ 12.00 700 0 $ 69 < Specific Identification 0 15 Weighted Average > 69 $ 203 [The following information applies to the questions displayed below.] Laker Company reported the following January purchases and sales data for its only product. For specific identification, ending inventory consists of 340 units from the Date Activities January 1 Beginning inventory 210 units @ Units Acquired at Cost $13.50 = Units sold at Retail $ 2,835 January 10 January 20 Sales 160 units @ $ 22.50 Purchase 150 units @ $12.50 = 1,875 January 25 January 30 Sales Purchase Totals 180 units $ 22.50 340 units @ $ 12.00 = 700 units 4,080 $ 8,790 340 units Award: 1.80 points Assume the perpetual inventory system is used. 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 Identification Weighted Average FIFO LIFO Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. Specific Identification Available for Sale Cost of Goods Sold Ending Inventory Purchase Date Activity # of units Cost Per # of units Unit sold Cost Per Unit Cost of Goods Sold Ending Inventory- Units Cost Per Unit Ending Inventory-Cost January 1 January 20 Beginning inventory Purchase 210 $ 13.50 15 $ 13.50 $ 203 150 $ 12.50 January 30 Purchase 340 $ 12.00 700 0 $ 69 < Specific Identification 0 15 Weighted Average > 69 $ 203