omplete this question by entering your answers in the tabs below. Required I 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 co Required information Use the following information for the Exercises below. IThe following information applies to the questions displayed below.) Laker Company reported the following January purchases and sales data for its only product. '4 Retail "Ill places.) Specific Identification urchase Date AvailableforSale Activity Unit Cost $ 12.50 Units Sold Beginning inventory Purchase Purchase of GoodS Sol unit cost COGS s Ending Inventory Ending Ending Cost Per Inventory- Inventory- Unit Units Jan. 1 Jan. 20 Units 200 130 300 630 Jan. 30 $12.50 -$2,500 $11.00 - s 11.50 $ 11.00 Required 4 o Jan. 1 Jan. 10 Jan. 20 Jan. 25 Jan. 30 Beginning 200 unit.oe inventory Saloo Purchae galeo Purchaoe trot:.alo 130 unitoe 300 unitoe 630 unito $11.50 160 unito e '$21.50 - 1,495 140 e, $21.50 3,300 $7,295 300 unito Required 2 Next The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 330 units, where 300 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning inventory. ercise 5-3 Perpetual: Inventory costing methods LO PI quired: Complete the table to determine the cost assigned to ending inventory and cost of goods sold using entification. Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. Required 1 Required 2 Required 3 sp Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 de Weighted_Aygrage - Perpetual: IHInt rlnt rences Date Date January 1 January 10 January 20 Average cost January 25 January 30 # of units s urc ase # of Cost per units unit sold Cos Goods 01 Cost per Cost of Goods unit Sold nve ry an Cost per * of units unit Inventory Balance prey Next Totals < Required 1 200 @ $ 12.50 = $ 2,500.00 Required S > lofl Next ne the cost assigned to ending inventory and to cost of goods sold using FIFO. Perpetual FIFO: (Round cost per unit to Inventory Balance he cost assigned to ending inventory and to cost of goods sold using I-IFO. (Round cost per unit LIFO: Goods Purchased Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold prev s urchase ost oods Sold nven ory a ance Date January 1 January 10 January 20 January 25 January 30 Totals # Of units Cost per Cost per # of units unit 200 @ s 12.50 = Next Inventory $ 2,500.00 # of units Cost per # of units Cost per n sold unit Cost per # of units 200 @ $ 12.50 = January 1 anuary 10 anuary 20 January 25 January 30 Totals Cost of Goods Sold Required 3 Inventory Balance $ 2,500.00 1