# The following information apples to the questions displayed below! Lasker Company reported the follo

The following information apples to the questions displayed below! Lasker Company reported the following January purchases and sales data for its only product Units Acquired at Cost 170 units @ \$9.50 = \$1615 Units sold at Retail 130 units Date Activities Jan. 1 Beginning inventory Jan 10 Sales Jan 20 Purchase Jan 25 Sales Jan 30 Purchase Totals \$18.50 120 units \$8.50 = 1020 130 units \$18.50 \$8.00 – 260 units 550 units 2,080 \$ 4715 260 units 2. Award: 10.00 points Required: The Company uses a periodic Inventory system. For specific identification, ending inventory consists of 290 units, where 260 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are 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 ( LIFO Complete this questions by entering your answers in the below tabs. 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 consis 990 units, where 260 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning inventory. a) Specific identification Cost of Goods Sold Cost of Goods Available for Sale Cost of Goods # of units Available for unit Sale of units sold Cost per unit Cost of Goods Sold Ending Inventory # of units in ending Cost Ending Inventory per unit inventory Beginning inventory Purchases Jan. 20 Jan. 30 Total Specific ld olante

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