Laker Company reported the following January purchases and sales data for its only product. The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 275 units from the January 30 purchase, 5 units from the January 20 purchase, and 25 units from beginning inventory. Date January 1 January 10 January 20 January 251 January 30 Activities Beginning inventory Sales Purchase Sales Purchase Totala Units Acquired at Coat 175 units $ 10.00- 130 units @ $ 9.00- Units sold at Retail $ 1,750 135 units @ $ 19.00 1,170 140 units $ 19.00 275 units e 580 units $ 7.00- 1,925 $ 4,845 275 units Required information 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 question by entering your answers in the tabs below. Specific Id Weighted Average FIFO LIFO Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. Specific Identification Available for Sale Cost of Goods Sold Ending Inventory Purchase Date Activity #of units Cost Per Unit of units sold Cost Per Unit COGS Ending Inventory Units Cost Per Unit Ending Inventory-Cost January 1 Beginning inventory 175 January 20 Purchase 130 January 301 Purchase 275 580 0 $ 0 Specite t Weighted Average > Specific Id Weighted Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decimal plac- Weighted Average Perpetual: January 1 January 10 Goods Purchased Cost of Goods Sold Inventory Balance Date # of units Cost per unit # of units sold Cost per unit Cost of Goods Sold # of units Cost per unit Inventory Balance 175 at $ 10.00 $ 1,750.00 January 20 Average cost January 20 January 25 January 30 Totals Specific Id Weighted Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. Perpetual FIFO: Goods Purchased Cost of Goods Sold Date # of units Cost per unit # of units Cost per Cost of Goods # of units sold unit Sold January 1 175 at January 10 January 20 Total January 20 January 25 Total January 25 January 30 Totals Inventory Balance Cost per Inventory Balance unit $ 10.00= $ 1,750.00 Determine the cost assigned to ending inventory and to cost of goods sold using LIFS. Perpetual LIFO: Date January 1 January 10 January 20 Total January 20 January 25 Total January 25 January 30 Totals Goods Purchased # of units Cost per # of units unit sold Cost of Goods Sold Inventory Balance Cost per Cost of Goods unit # of units Cost per Sold unit Inventory Balance 175 at $10.00 $ 1,750.00