Help ct: Exercises and Problems i Saved Save & Ch Required information Use the following information for the Exercises 3-7 below. (Static) 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 180 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. Date Activities Units Acquired at Cost Units sold at Retail January 1 Beginning inventory 140 units @ $ 6 . 00 $ 840 January 10 Sales 100 units @ $ 15 January 20 Purchase 60 units S 5.00 300 January 25 Sales 80 units @ $ 15 January 30 Purchase 180 units $ 4.50- 810 Totals 380 units $ 1, 950 180 units Exercise 5-6A (Static) Periodic: Inventory costing LO P3 The Company uses a periodic inventory system. For specific identification, ending inventory consists of 180 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 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 (c) LIFO Complete this question by entering your answers in the tabs below. Specific Id Weighted FIFO Average LIFO Determine the cost assigned to ending inventory and to cost of goods sold using specific identification. For specific identification, ending inventory consists of 180 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. a) Specific Identification PreyRequired information Exercise 5-6A (Static) Periodic: Inventory costing LO P3 The Company uses a periodic inventory system. For specific identification, ending inventory consists of 180 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 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. Complete this question by entering your answers in the tabs below. Weighted Specific Id Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using specific identification. For specific identification, ending inventory consists of 180 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. a) Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Goods # of units Cost per Cost of # of units # of units Cost per Cost Ending sold in ending unit Available for unit Goods Sold per unit Inventory Sale inventory Beginning inventory Purchases: January 20 January 30 Total 0 Weighted Average MacBook AirExercise 5-6A (Static) Periodic: Inventory costing LO P3 The Company uses a periodic inventory system. For specific identification, ending inventory consists of 180 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 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. Complete this question by entering your answers in the tabs below. Specific Id Weighted FIFO Average LIFO Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decimal places.) b) Weighted average - Periodic Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Average Cost of Goods # of units Average Cost of # of units Average Ending # of units Cost per Available for sold Cost per Goods Sold in ending Cost Inventory unit Sale Unit Inventory per unit Beginning inventory Purchases: January 20 January 30 Total $ Required information Exercise 5-6A (Static) Periodic: Inventory costing LO P3 The Company uses a periodic inventory system. For specific identification, ending inventory consists of 180 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 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. Complete this question by entering your answers in the tabs below. Specific Id Weighted LIFO Average FIFO Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. c) Periodic FIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost per Cost of Goods # of units Cost per Cost of # of units Cost Ending # of units unit Available for Goods Sold in ending sold unit per unit Inventory Sale inventory Beginning inventory Purchases: January 20 January 30 Total $ Weighted Average LIFO > Required information Exercise 5-6A (Static) Periodic: Inventory costing LO P3 The Company uses a periodic inventory system. For specific identification, ending inventory consists of 180 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (q FIFO, and (d) LIFO. Complete this question by entering your answers in the tabs below. Specific Id Weighted FIFO LIFO Average Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. d) Periodic LIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost per Cost of Goods # of units Cost per Cost of # of units Cost Ending # of units Available for Goods Sold in ending unit sold unit per unit Inventory Sale inventory Beginning inventory Purchases: January 20 January 30 Total $ 0