2. Required information The following information applies to the questions displayed below! Part 1 of 2 8 02:12:30 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 355 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory Date Activities Units Acquired at cost Un sold at Reta January 1 Beginning inventory 215 units @ $ 14.00 $ 3,010 January 10 Sales 165 units $22.00 January 20 Purchase 160 units @ $ 13.00 2.000 January 25 Sales 190 units $ 23:00 January 30 Purchase 355 units @ $ IL00 3,905 Totals 730 units $ 1,995 355 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 UFO 02:12:10 Purchase puta to determine the cost assigned to ending Inventory and cost of goods sold using specific identification Scheidende Available for Sale Cost of Good Sold Ending on Con of unit Activity Ending ol Cost Per Unit Una COGS barcos Beginning inventory 215 Purchase 160 Purchase 356 730 0 $ January 1 January 20 January 30 5 o Specific Weighted Average > required information 2 Determine the cost assigned to ending Inventory and to cost of goods sold pods sold using weighted average. (Round cost per unit to 2 decimal places We Avenge Pope Goods Purch Cost of Goods Sold inventon Balance Color Wof units Cost per of units Cost of Invento fatto Part 1 of 2 sold Cost of Goods Sald unit 8 02:11.50 January 1 January 10 215 ats 1400- $ 3.01000 January 20 Average cout Jawy 20 Jawy 25 January 30 Totals Specfic Id FIFO > aw FOORUM Costo Coods Sold of units Cost per Cost of Goods told Sold of 2 Unit Woh January 1 215 at $ 1400 $ 3,010 00 January 10 2:1000 January 20 Total January 20 January 25 Total January 25 January 30 Totals 2 Det som Couperosos uhit Solo tole Part 1 of 2 January 1 215 $ 1400 = $ 3,010,00 January 10 802.11 January 20 Tot January 20 January 25 Total Jawy s January 30 Totals