Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta

Exercise 52

Refer to the information in Exercise 6-3 and assume the periodic inventory system is used. Determine the costs assigned to ending inventory and to cost of goods sold using ( a ) specific identification, ( b ) weighted average, ( c ) FIFO, and ( d ) LIFO. (Round per unit costs and inventory amounts to cents.)
Reference: Exercise 6-3
Laker Company reported the following January purchases and sales data for its only product.

Required
The company uses a perpetual inventory system. Determine the cost assigned to ending inventory and to cost of goods sold using ( a ) specific identification, ( b ) weighted average, ( c ) FIFO, and ( d ) LIFO. (Round per unit costs and inventory amounts to cents.) For specific identification, ending inventory consists of 200 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory.