apter 5-Exercises 1 Seved Required information [The following information applies to the questions displayed below] Laker Company reported the following January purchases and sales data for its only product Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 28 Purchase Jan, 25 Sales Jan. 30 Purchase Totals Units Acquired at Cost 160 units $8.50 $1,360 100 units @ $7.50 - 750 220 units @ $7.00 1,540 480 units $3,650 Units sold at Retail 120 units @ $17.50 120 units @ $17.50 240 units Help Save & Exit Subm The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 240 units, where 220 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. Complete this question by entering your answers in the tabs below. 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. (Round cost per unit to places.) Specific Identification Available for Sale Cost of Goods Sold Unit Units Purchase Date Activity Units Unit Cost Coas Cost Sold Ending Inventory Units Ending Inventory Cost Per Unit Ending Inventory- Cost Jan. 1 Beginning inventory 100 Jan, 201 Purchase 100 Jan. 301 Purchase 220 480 Beuwe T Required 2 >