F of 2 Book Hint Required information Use the following information for the Exercises 3-7 below. (Algo) [The following information applies to the questions displayed below] Laker Company reported the following January purchases and sales data for its only product. For specific identification, ending inventory consists of 260 units from the January 30 purchase, 5 units from the January 20 purchase, and 25 units from beginning inventory. Date January 1 January 101 January 20 Purchase Units sold at Retail Activities Beginning inventory Sales 170 units Units Acquired at Cost $9.50- $1,615 130 units . $19.50 120 units $8.50- 1,020 130 units $18.50 Purchase Totals 260 units 550 units $8.00- 2,080 $ 4,715 260 units Ask January 25 January 30 Sales Print rences Exercise 5-3 (Algo) Perpetual: Inventory costing methods LO P1 Assume the perpetual inventory system is used. Required: 1. Complete the table to determine the cost assigned to ending inventory and cost of goods sold pising 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. art 1 of 2 pints eBook 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. Specific Identification Weighted Average FIFO LIFO Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. Specific Identification Ask Available for Sale Cost of Goods Sold Ending Inventory Purchase Date Print Activity of units Cost Per Unit of units sold Cost of Cost Per Unit Goods Sold Ending Inventory Units Cost Per Unit Ending Inventory-Cost References January 11 January 20 Beginning inventory Purchase 170 120 January 30 Purchase 200 550 Specific indication Weighted Average >