1 of 2 Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] Laker Company reported the following January purchases and sales data for its only product. Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 28 Purchase 2:49:58 Jan. 25 Sales Jan. 30 Purchase Totals Units Acquired at Cost 215 units@ $14.00 = $3,010 160 units@ $13.00 2,080 330 units@ $12.50 = 4,125 705 units Units sold at Retail 165 units @ $23.00 190 units @ $23.00 $9,215 355 units ok Check my work es The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 350 units, where 330 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory. Exercise 5-3 Perpetual: Inventory costing methods LO P1 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 tabs below. < Previ 13 14 of 14 Next >