need to double check these numbers and fill out for weighted avg an.docx - need to double check these numbers and fill out for weighted avg and fifo

# need to double check these numbers and fill out for weighted avg an.docx

• connjayme
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need to double check these numbers and fill out for weightedavg and fifo and lifo 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,ele 165 units \$23.eeJan. 19 Sales Jan. 20 Purchase 169 units \$13.20 = 2,4 165 units \$23.00 Jan. 25 Sales Jan. 30 Purchase 330 units 512.50 4,125 Totals 705 units 59,215 330 units Required: The Company uses a periodic inventory system. For specific identification, ending inventory consists of 375 units, where 330 are from the January 30 purchase, 5 are from the January 20 purchase, and 40 are from beginning inventory. Determinethe cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average. (FIFO, and () LIFO. Complete this question by entering your answers in the tabs below. Specificid Weighted Average FIFO LIFO Determine the cost assigned to ending inventory and to