ewconnect education.com flow connect.html Help Sa er 5 HW Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below. Laker Company reported the following January purchases and sales data for its only product. Date Motivities Units Required at Cost Units sold at Retail Jan. 1 Beginning inventory 190 units $7.00 - $1,330 Jan. 10 Sales 150 units $16.00 110 units. 56.00 - 660 Jan. 25 Sales 130 units $16.00 Jan. 30 Purchase 280 units & $5.50 - 1,540 580 units $3,530 280 units Boo Herences Exercise 5-3 Periodic: Inventory costing methods LO P1 Required: The Company uses a periodic inventory system. For specific identification, ending inventory consists of 300 units, where 28 the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory. Determine the cost assi ending Inventory and to cost of goods sold using a specific identification, (b) weighted average, (FIFO, and (c) LIFO. Complete this question by entering your answers in the tabs below.