18118Wing information applies to the questions displayed below.] 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. Date January 1 January 10 January 20 Activities Beginning inventory 140 units Units Acquired at Cost @ $ 6.00 = Units sold at Retail $ 840 Sales 100 units @ $ 15 January 25 January 30 Purchase Sales Purchase Totals 60 units 180 units 380 units @ $5.00 = 300 80 units @$ 15 @$ 4.50= 810 $1,950 180 units 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. Specific Id Weighted Average FIFO LIFO Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. Specific Identification Available for Sale Cost of Goods Sold Purchase Date # of Activity # of units Cost Per Unit units sold Cost Per Unit COGS Ending Inventory- Units Ending Inventory Cost Per Unit Ending Inventory- Cost January 1 Beginning inventory 140 $ 6.00 140 $ 6.00 S 840 January 20 Purchase 60 $5.00 100 $ 5.00 500 100 $ 5.00 500 January 30 Purchase 180 $ 4.50 80 $ 4.50 360 200 $ 4.50 900 380 180 $ 860 440 $ 2.240) mine the cost assigned to ending inventory and to cost of goods sold using weighted average. mine the cost assigned to ending inventory and to cost of goods sold using FIFO. rmine the cost assigned to ending inventory and to cost of goods sold using LIFO. mplete this question by entering your answers in the tabs below. pecific Id Weighted Average FIFO LIFO etermine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decimal places.) Weighted Average - Perpetual: Goods Purchased Cost of Goods Sold # of Date # of units Cost per unit units unit sold Cost per Cost of Goods Sold # of units Inventory Balance Cost per unit Inventory Balance January 1 January 10 January 201 140 at $6.00 = $ 840.00 100 at $15.00 = $ 1,500.00 40 at $ 6.00- $ 240.00 60 at $5.00 Average cost January 20 January 25 40 at 60 at 100 at 80 at $ 15.00 $ 1,200.00 20 at $ 6.00 = $5.00 $ 5.00 $5.00- $ 240.00) 300.00 $ 540.00 $ 100.00 January 301 Totals 180 at $ 4.50 20 at $5.00 - $ 2,700.00 180 at $ 4.50- 200 at $ 4.50 $ 100.00 810.00 $ 910.00 Complete this question by entering your answers in the tabs below. Specific Id Weighted Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. Goods Purchased Perpetual FIFO: Cost of Goods Sold Date: # of units Cost per unit # of units sold Cost per unit Cost of Goods Sold # of units Inventory Balance Cost per unit Inventory Balance. January 1 140 at $ 6.00= $ 840.00 January 10 rint ferences January 201 Total January 20 January 25 Total January 25 January 30 Totals Required information Complete this question by entering your answers in the tabs below. Specific Id Weighted Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. Perpetual LIFO: Goods Purchased Cost of Goods Sold Inventory Balance Date # of units Cost per unit # of units sold unit Cost per Cost of Goods Sold # of units Cost per Inventory unit Balance January 1 140 at $ 6.00 = $840.00 January 10 int January 201 ferences Total January 20 January 25 Total January 25 January 301 Totals