I need help with the red x'd areas of this assignment
Laker Company reported the following January purchases and sales data for its only product. Units sold at Retail 170 units @ $23.50 Date Activities Jan. 1 Beginning inventory Jan. 1e Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals Units Acquired at Cost 220 units@ $14.50 - $3,190 170 units@ $13.50 - 2,295 340 units @ $13.00 - 4,420 730 units $9,995 200 units @ $23.5e 370 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 360 units, where 340 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 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 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. Required information January 1 220 @ S 1450 $ 3,190.00 January 10 170 @ $ 2,465.00 50 @ S 14.50 S 725.00 14.50 January 20 170 @ 220 @ 11 S 14.50 13.50 220 X @ S 13.50 s 3.190.00 2,970.00 $ 6.160.00 January 25 170 @ is 14.50 (170) > @ $14.50 30 X @ S 2,465 00 405.00 $ 2,870.00 (30) @ 13.50 $13.50 January 30 340 . @ 340 X @ 13.00 20 360 $14.50 S 13.50 S 13.00 S 4930.00 270.00 4.680.00 X Required information January 10 170 @ $ 14.50 $ 2,465 00 50 > @ $ 725.00 January 20 170 50 $ 14.50 $ 14.50 $ 13.50 > @ 13.50 $ 725.00 170 > @ 2,295,00 $ 3,020.00 January 25 50 e $ 725.00 50 e $ 725.00 150 14.50 S 13.50 14.50 S 13.50 20 $ 270.00 2,025.00 IS 2.750.00 $ 995.00 340 @ $ January 30 $ 13.00 > 340 x @ 14.50 $ 4,930.00 270.00 S 20 le = > X 13.50 0 x 13.00 Totals 5,215.00 $ 5,200.00