2 Required information (The following information applies to the ques.docx - 2 Required information(The following information applies to the questions

2 Required information (The following information applies to the ques.docx

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2 Required information (The following information applies to the questions displayed below) Laker Company reported the following January purchases and sales data for its only product. Unita Moquired at 22 815.09 .375 125 nits 24.09 Activities Jan. 1 Beginning inventory Jan. 10 Balee Jan. 20 Purchase Jan. 25 Sales San. 30 Purchase Totals 210 wita 24.00 350 unitat $13.50 755 units 4.225 10.620 285 anit. The Company uses a perpetual inventory system. For specific identification, ending Inventory consists of 370 units, where 350 are from the January 30 purchase. 5 are from the January 20 purchase, and 15 are from beginning inventory 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. Complete this question by entering your answers in the Required 1 Required 2 Required Required 4 Complete the table to determine the cost assigned to ending Inventory and cost of goods sold using specific identification. (Round cost

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