2 Practice Saved Laker Company reported the following January purchases and sales data for its only product Date Activities Jan. 1 Beginning inventory Jan. 10 Sales of 2 Jan, 20 Purchase Jan. 25 Sales Jan. 30 Purchase. Totals Units Acquired at Cost 180 units $10.50 $1,890 110 unital $9.50-1,045 260 unitag $9.00 2,340 550 unita $5,275 Units sold at Retail 140 unite $19.50 130 units $19.50 270 units ences Help Save & Exit Submit Check my work The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 280 units, where 260 are from the January 30 purchase. 5 are from the January 20 purchase, and 15 are from beginning inventory 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. Totals 550 units 85,275 270 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 280 units, where 260 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory. Check my work 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. Required 1 Required 2 Required 3 Required 4 Determine 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: Noyt> 4 12 Check my wo Required information Determine 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 Inventory Balance # of Date of units Cost per unit units unit Cost per Cost of Goods Sold # of units Cost per unit Inventory Balance sold January 11 180 5 10.50- $ 1,890.00 January 10 140 $10.50= $ 1,470.00 January 201 Average cost ces January 25 January 30 130 $ 10.50 $ 1,365.00 Totals $ 2.835.00 Required information Goods Purchased Cost of Goods Sold #of Date units Cost per unit of units sold Cost per unit Cost of Goods Sold # of units Cost per unit Inventory Balance Inventory Balance January 1 180 @ $10.50- $ 1,890,00 January 10 January 20 January 25 January 30 Check my wor Pernahial Required information units unit unit Sold January 1 180 January 10) January 201 January 25 January 30 Totals