(Solved): IE Exercise 5-3 (Static): Perpetual: Inventory costing methods LO P1 Laker Company reported the fol ...

IE Exercise 5-3 (Static): Perpetual: Inventory costing methods LO P1 Laker Company reported the following January purchases and sales data for its only product. The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 180 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. 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. ker Company reported the following January purchases and sales data for its only product. The Company uses a perpetual inventory system Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. aker Company reported the following January purchases and sales data for its only product. The Company uses a perpetual inventory system. Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. -aker Company reported the following January purchases and sales data for its only product. The Company uses a perpetual inventory system. Required: 2. Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. -aker Company reported the following January purchases and sales data for its only product. The Company uses a perpetual inventory system. Required: 1) Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification.