Question: Saved Chapter 5 Assignment 2. ! Required information (The following information applies to the questions displayed below.) Part 1 of 2 1 points Laker Company

 Saved Chapter 5 Assignment 2. ! Required information (The following information

Saved Chapter 5 Assignment 2. ! Required information (The following information applies to the questions displayed below.) Part 1 of 2 1 points Laker Company reported the following January purchases and sales data for its only product. Date Activities Units Acquired at Cost Units sold at Retail Jan. 1 Beginning inventory 215 units@ $14.00. = $3,010 Jan. 10 Sales 165 units @ $23.00 Jan. 20 Purchase 160 units@ $13.00 = 2,080 Jan. 25 Sales 190 units @ $23.00 Jan. 30 Purchase 330 units@ $12.50 = 4,125 Totals 785 units $9, 215 355 units eBook Hint The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 350 units, w 330 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory. Print References Required: 1. Complete the table to determine the cost assigned to ending inventory and 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

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