Laker Company reported the following January purchases and sales data for its only product. Units Acquired at Cost 150 units @ $7.50 = $1,125 Units sold at Retail 110 units @ $16.50 Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals 80 units @ $6.50 = 520 90 units @ $16.50 200 units @ $6.00 = 430 units 1,200 $2,845 200 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 230 units, where 200 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning inventory. Required 1 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 cost per unit to 2 decimal places.) Specific Identification Available for Sale Cost of Goods Sold Purchase Date Ending Inventory Ending Cost Per Ending Inventory Inventory Unit Units Cost Activity Unit Cost Units Units Sold Unit Cost COGS 150 $ 7.50 Jan. 1 Jan. 20 Beginning inventory Purchase Purchase Jan. 30 80 $ 6.50 200 $ 6.00 430 0 $ $ 0 Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cost per Inventory Balance Weighted Average - Perpetual: Goods Purchased Cost per Date # of units unit # of units sold Cost of Goods Sold Cost per Cost of Goods unit Sold Cost per # of units Inventory Balance unit January 1 150 @ $ 7.50 = $ 1,125.00 January 10 January 20 Average cost January 25 January 30 Totals Perpetual FIFO: Goods Purchased Inventory Balance Cost per Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Cost per # of units Date # of units Inventory Balance unit unit January 1 150 @ $ 7.50 = $ 1,125.00 January 10 January 20 January 25 January 30 Totals Perpetual LIFO: Goods Purchased Cost of Goods Sold # of Cost per # of units Cost per Cost of Goods units unit sold unit Sold Inventory Balance # of units Cost per Inventory unit Balance Date January 1 150 @ $ 7.50 = $ 1,125.00 January 10 January 20 January 25 January 30 Totals