Question: er 5 Quiz Subm Soved Help Save & Exit Laker Company reported the following January purchases and sales data for its only product. The Company
er 5 Quiz Subm Soved Help Save & Exit Laker Company reported the following January purchases and sales data for its only product. The Company uses a periodic inventory system. For specific identification, ending inventory consists of 238 units, where 180 are from the January 30 purchase. 5 are from the January 20 purchase, and 53 are from beginning inventory Date Activities Units Acquired at Costinats sold at Retail Jan. 1 Beginning inventory 159 units $6.00 $ 954 Jan. 10 Sales 81 units $15.00 Jan. 20 Purchase 79 units @ $5.00 395 Jan. 25 Sales 99 units $15.00 Jan. 30 Purchase 180 units $4.50 810 Totals 418 units 52, 159 160 units 302329 1. Complete the table to determine the cost assigned to ending inventory bnd 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 d Weighted Average FIFO LIFO
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