5 Homework Problems 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. Units sold at Retail Units Acquired at Cost 150 units@ $7.50 - $1,125 110 units @ $16.50 Date Activities Jan. 1 Beginning inventory Jan. 18 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals 80 unitse $6.50 - 520 90 units @ $16.50 200 units@ $6.00 = 430 units 1,200 $2,845 200 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 230 units, where 200 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning inventory. Exercise 6-3 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. Complete the qumation by entering your answers in the babe halow. Required 1 Required 2 Required 3 Required 4 Complete the table to determine the cost assigned to ending Inventory and cost of goods sold using specific identification. (Roun places.) Specific Identification Available on sale Cast of Goods Solo Ending inventory Ending Ending Unit Units Unit Cost Per Purchase Date Units Activity COES Intenitory Inventory Cost Sold Cost Unit Units Jan. 1 Beginning inventory 150 Jan. 20 Purchase Jan. 30 Purchase 200 430 0 $ 80 Required 2 > Pre 1 of co Required: 1. Complete the table to determine the cont assigned to ending inventory and cost of goods sold using specific identificati 2. Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. 2. Determine the cost assigned to ending inventory and to cost of goods sold using AFO. 4. Determine the cost assigned to ending inventory and to cost of goods sold using UFO. complete the ten hy antering your answer in the baba balon Print Required 1 Requiired 2 Required 3 Required 4 Determine the cost assigned to anding Inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 Weighted Average - Perpetual: Cast of Goods Sold af Case per Cost af Guads units unit Sold sold of un PE Inventory Be $ 1,125.00 150 $ 7.50 January 1 January 10 January 20 Average cost January 25 January 30 Totals Required 1 Required 2 Hint Required 3 Required 4 Print Celemine the cost igned to ending inventory and to cont of good sold using FIFO. (Round cost per un to 2 decimal places) Perpetual FIFO Casa Goods January 1 150 @ $ 7.50 - $1.125.00 January 10 January 20 January 25 January 30 Totals Prev 1 of 4 25 wwgur 1. Complete the table to determine the cast assigned to ending inventory and cost of goods sold using specific identification 2. Determine the cost igned to ending inventory and to cost of goods solduring weighted average. 2. Determine the cost assigned to ending inventory and to cost of goods sold using AFO. Determine the cost signed to ending inventory and to cost of goods sold using LIFO. sample the estan by your man in the tabbur Hint Required 1 Required 2 Required Required Determine the cost assigned to ending Inventory and to cost of goods sold using UFO. (Round cost per unit to 2 decimal places Print Perpetual LIFO Car Cast of Goods Sold COSE Tot units Cost of Goods per sald Sold unit unted in January 1 150 @ $ 7.50 - $1,125.00 January 10 January 20 January 25 January 30 Totals