Laker Company reported the following January purchases and sales data for its only product. For specific...

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Laker Company reported the following January purchases and sales data for its only product. 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 January 1 January 10 January 20 January 25 January 30 Activities Beginning inventory 140 units Units Acquired at Cost @ $ 6.00 = Units sold at Retail $ 840 Sales Purchase Sales Purchase Totals 100 units @ $ 15 60 units @ $ 5.00 = 300 80 units @ $ 15 180 units 380 units $ 4.50 = 810 $ 1,950 180 units 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 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 # of units Cost per unit Cost of Goods Available for Sale # of units Cost per sold # of units unit Cost of Goods Sold in ending inventory Beginning inventory Purchases: January 20 January 30 Total Ending Inventory Cost Ending per unit Inventory 0 $ 0 $ 0 0 Laker Company reported the following January purchases and sales data for its only product. 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 January 1 January 10 January 20 January 25 January 30 Activities Beginning inventory 140 units Units Acquired at Cost @ $ 6.00 = Units sold at Retail $ 840 Sales Purchase Sales Purchase Totals 100 units @ $ 15 60 units @ $ 5.00 = 300 80 units @ $ 15 180 units 380 units $ 4.50 = 810 $ 1,950 180 units 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 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 # of units Cost per unit Cost of Goods Available for Sale # of units Cost per sold # of units unit Cost of Goods Sold in ending inventory Beginning inventory Purchases: January 20 January 30 Total Ending Inventory Cost Ending per unit Inventory 0 $ 0 $ 0 0