Jan. Beginning inventory 140 unitse $6.00 840 Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase 100 units 15 60 units $5.00300 80 units$15 180 units $4.50-810 380 units Totals 1,950 180 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 200 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory. xercise 5-3 Perpetual: Inventory costing methods LO P1 equired: . Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification . 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. Complete this questions by entering your answers in the below tabs. Required 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. Specific ldentification Available for Sale t of Goods Units Unit Units Cost Unit Cost coGs Inventory Ending Ending Cost Per Inventory Purchase Date Activity Sold Jan. 1 Jan. 20 Jan. 30 Beginning inventory140 60 180 380 Purchase Purchase Required 2> Laker Company reported the following January purchases and sales data for its only product. Units sold at Activities Units Acquired at Cost Jan1 Deginning inventory 140 units $6.00- 840 Jan. 10 Sales Jan. 20 Purehase Jan. 25 Sales Jan. 30 Purchase 100 units@ 15 60 unses $5.00300 80 units@ 15 180 unies $4.50810 Totals $1,950 180 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 200 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory. Exercise 5-4 Perpetual: Income effects of inventory methods LO A1 Required: 1. Complete comparative income statements for the month of January for Laker Company for the four inventory methods. Assume expenses are $1,250, and that the applicable income tax rate is 40%. (Round your Intermediate calculations to 2 decimal places.) Income Statements For Month Ended January 31 Specific Weighted FIFO LIFO Sales Cost of goods sold Gross prof Expenses Income before taxes Income tax expense Net income