Laker Company reported the following January purchases and sales data for its only product. Date Activities Jan. Inventory Beginning Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Units Acquired at Cost 320 units @$10.40 = $3,328 Units sold at Retail 175 units @$18.40 390 units @$ 9.40 = 3,666 315 units @$18.40 Totals 260 units @$ 8.40 = 2,184 970 units $ 9,178 490 units Laker Company uses a perpetual inventory system. For specific identification, ending inventory consists of 480 units, where 260 are from the January 30 purchase, 80 are from the January 20 purchase, and 140 are from beginning inventory. 2. Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decimal places.) Weighted Average Perpetual: Goods purchased Cost of Goods Sold Date # of units Cost per unit # of units sold Cost per Cost of Goods unit Sold # of units Inventory Balance Cost per unit Inventory Balance 320 $10.40= $3,328.00 January 1 January 10 January 20 Average cost January 25 January 30 Totals