Laker Company reported the following January purchases and sales data for its only product. For specific identification. ending inventory consists of 180 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. Date January 1 Activities Beginning inventory Units Acquired at Cost Units sold at Retail 140 units @ $ 6.00 = $ 840 January 10 Sales 100 units @ $15 January 20 January 25 January 30 Purchase Sales Purchase Totals 60 units @ $ 5.00 = 300 80 units @ $15 180 units $ 4.50 = 818 380 units $ 1,950 180 units Exercise 6-3 (Static) Perpetual: Inventory costing methods LO P1 Assume the perpetual inventory system is used. 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. Specific Identification 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 Purchase Date Activity # of units Cost Per Unit # of units sold Cost Per Unit Cost of Goods Sold Ending Inventory- Units Ending Inventory Cost Per Unit Ending Inventory- Cost January 11 Beginning inventory 140 January 20 Purchase 60 January 301 Purchase 180 380 < Specific Identification Weighted Average >