Done < AA 5 Chapter 5 Homework 1 Part 1 of 2 Required information ezto.mheducation.com Seved 62% Help Save & Exit Submit [The following information applies to the questions displayed below] Laker Company reported the following January purchases and sales data for its only product. The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 240 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. eBook Date January 1 January 10 January 20 January 25 January 30 Sales Purchase Sales ired: Activities Beginning inventory Units Acquired at Cost 160 units $8.50= $ 1,360 Units sold at Retail 120 units $17.50 100 units $7.58 750 120 units $17.50 Purchase Totals 240 units 500 units 57.00= 1,680 $3,790 240 units mplete the table to determine the cost assigned to ending inventory and cost of goods sold using specific fication. termine the cost assigned to ending inventory and to cost of goods sold using weighted average. termine the cost assigned to ending inventory and to cost of goods sold using FIFO, termine the cost assigned to ending inventory and to cost of goods sold using LIFO. mplete this question by entering your answers in the tabs below. ecific Id Weighted Average FUFO LIFO ermine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 de Weighted Average-Perpetual: Cost of Goods Sold Goods Purchased Inventory Balance Date #of units Cost per # of units unit sold Cost per unit Cost of Goods # of units Sold Cost per unit Inventor wy 1 160 at $ 8.50 wy 10 120 at $ 17.50 $2,100,00 100 at $7.50 wy 20 ige cost January 20 wy 25 100 at $ 100 at 7.50- 120 a $ 17.50 $ 2.100.00 240 $ 7.00 wry 30 $ 4,200.00 240 at 5 240 at 7.00 Specific id Mc Graw Hill