Complete the Cost assigned to ending inventory and to costs of goods sold using weighed average.

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 Acquired at Cost 145 units @ $7.00 = $1,015 Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals Units sold at Retail 105 units @ $16.00 85 units @ $16.00 70 units @ $6.00 = 420 190 units @ $5.50 = 405 units 1,045 $2,489 190 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 215 units, where 190 are from the January 30 purchase, 5 are from the January 20 purchase, and 20 are from beginning inventory Exercise 5-3 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. 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 plac Weighted Average - Perpetual: Weighted Average - Perpetual: Goods Purchased Cost of Goods Sold # of units Date Cost per unit # of units sold Cost per Cost of Goods unit Sold Inventory Balance # of units Cost per Inventory unit Balance January 1 145 @ $ 7.00 = $ 1.015.00 January 10 January 20 70 @ $ 6.00 $ 6.00 = ces 70 @ 70 @ 420.00 420.00 $ Average cost January 25 January 30 190 @ $ 5.50 $ 5.50 = 1.045.00 190 @ 190 @ Totals