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! 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 Coat 220 units $14.50 - $3,190 Units sold at Retail 170 units e $23.50 Date Activities Jan. Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals 170 unitse $13.50 - 2,295 200 units @ $23.50 340 units $13.00 = 730 units 4.420 $9,905 370 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 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. Specific Identification Available for Sale Cost of Goods Sold Purchase Date Ending Inventory Ending Ending Cost Per Inventory. Unit Inventory: Units Cost Activity Unit Cost Units Units Sold Unit Cost COGS Jan, 1 Jan, 20 Jan. 30 Beginning inventory Purchase Purchase $13.50 $ 2.295 220 $ 14.50 170 S 13.50 340 730 4470 $ 2.295 0 $ Required 2 >