8.3

work 1 The following Information applies to the questions displayed below/ Laker Company reported the following January purchases and sales data for its only product. Activities units Acquired at cost Units sold at Retail Jan! 1 Beginning inventory 246 Units@ $16.58 - $ 31968 196 Units 9 325.56 Jan. 28 Purchase Jan! 25 Sales 120 Units @ $25.58 Jan. 30 Purchase Totals 388 units The Company uses a perpetual Inventory system. For specific Identification, ending Inventory consists of 410 units, where 380 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 cold using specific Identification. 2. Determine the cost assigned to ending inventory and to cost of goods sale 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 cole using LIFO. complete this question by entering your answers in the tabs below Determine the cost assigned to ending inventory and to cast of goods cole using Fire Perpetual FIFO Goode Purchased Cost of Goods Bold Avantory Balance Date of units GOCT Cost of Goodc per unit Gold per unit of units Cost per Inventory unite unit Balance