need weighed avg also fifo and lifo Laker Company reported the foll - need weighed avg also fifo and lifo Laker Company reported the following

need weighed avg also fifo and lifo Laker Company reported the foll

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need weighed avg also fifo and lifo Laker Company reportedthe following January purchases and sales data for its only product. Date Activities - Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals Units Acquired at Cost Units sold at Retail 215 units @ $14.00 - $3,018 165 units $23.00 160 units @ $13.00 - 2,089 165 units @ $23.ee 330 units $12.50 4,125 705 units 39,215 330 units Required: The Company uses a periodic inventory system. For specific identification, ending inventory consists of 375 units, where 330 are in the January 30 purchase, 5 are from the January 20 purchase, and 40 are from beginning inventory. Determine the cost assigned t ending inventory andto 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

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