Laker Company reported the following January purchases and sales data for its only product Units Required at Coat 205 unitse $13.00 - $2,665 Units sold at Retail Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals 165 units $22.00 140 units $12.00 = 1.680 145 units @ $22.00 310 units 655 units $11.50 - 3,565 $7,910 310 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 345 units, where 310 are from the January 30 purchase, 5 are from the January 20 purchase, and 30 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. Complete this question by entering your answers in the tabs below. 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 Ending Inventory Ending Cost Per Ending Inventory Activity Units Units Unit Cost Unit Cost COGS Unit inventory 390 Beginning inventory Purchase Jan 20 Jan 30 30 5 310 $ $ 5 13.00 12.00 11.50 S $ $ 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decimal Weighted Average - Perpetual: Goods Purchased Cost of Goods Sold Inventory Balance Date # of units Cost per unit # of units Cost per Cost of Goods Sold # of units Cost per unit unit inventory Balance sold January 1 205 @ $ 13.00 - $ 2.665.00 January 10 January 201 Average cost January 25 January 30 Totals Required 1 Required 3 > in Next > of 2 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. cost assigned to ending inventory and to cost of goods sold using LIFO. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. (Round cost per unit to 2 decimal places Perpetual FIFO: Print Goods Purchased # of Cost per units unit Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Date Inventory Balance # of units Cost per Inventory unit Balance 205 @ $ 13.00 - $ 2,665.00 eferences January 1 January 10 January 20 January 25 January 30 Totals Required 2 Required 4. Vetermine the cost assigned to ending inventory and to cost of goods sold using LIFO. wo Us Firo. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. (Round cost per unit to 2 decimale Perpetual LIFO: Date Goods Purchased Cost per units unit #of Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Inventory Balance # of units cost per inventory unit Balance 205 @ $ 13.00 - $ 2,665.00 January 1 January 10 January 20 January 25 January 30 Totals