5 ! Required information Use the following information for the Exercises 3-7 below. (Algo) [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 310 units from the January 30 purchase, 5 units from the January 20 purchase, and 30 units from beginning inventory. Date January 1 January 10 January 20 January 25 January 30 Activities Beginning inventory Sales Purchase Sales Purchase Totals Units Acquired at Cost 205 units @ $ 13.00 = $ 2,665 140 units e $ 12.00 = 310 units @ $ 11.50 655 units = 1,680 3,565 $ 7,910 Units sold at Retail 165 units 145 units 310 units @ e $ 22.00 $ 22.00 Exercise 5-6A (Algo) Periodic: Inventory costing LO P3 The Company uses a periodic inventory system. For specific identification, ending inventory consists of 310 units from the January 30 purchase, 5 units from the January 20 purchase, and 30 units from beginning inventory. Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (c) FIFO, and (d) LIFO.

Required information Use the following information for the Exercises 3-7 below. (Algo) [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 310 units from the January 30 purchase, 5 units from the January 20 purchase, and 30 units from beginning inventory. Exercise 5-6A (Algo) Periodic: Inventory costing LO P3 The Company uses a periodic inventory system. For specific identification, ending inventory consists of 310 units from the January 30 . burchase, 5 units from the January 20 purchase, and 30 units from beginning inventory. Determine the cost assigned to ending nventory and to cost of goods soid using (a) specific identification, (b) weighted average, (d) FIFO, and (d) LIFO