Laker Company reported the following January purchases and sales data for its only product. Units sold at Retail Units Acquired at Cost 180 units @ $10.50 = $1,890 Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals 110 units @ $ 9.50 = 260 units @ $ 9.00 = 550 units 1,845 2,340 $5,275 140 units @ $19.50 130 units @ $19.50 270 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 280 units, where 260 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 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. Specific Identification Available for Sale Cost of Goods Sold Purchase Date Ending Inventory Ending Ending Cost Per Inventory- Inventory- Unit Units Cost Activity Unit Cost Units Units Sold Unit Cost COGS Jan. 1 Beginning inventory Purchase Purchase 180 110 Jan. 20 Jan. 30 260 0 Required i 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 places.) Weighted Average - Perpetual: Goods Purchased Cost of Goods Sold Inventory Balance # of Date # of units Cost per unit Cost per units sold Cost of Goods Sold # of units unit Cost per Inventory unit Balance $ 10.50 = $1,890.00 180 @ January 1 January 10 January 20 Average cost January 25 January 30 Totals Perpetual FIFO: 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 180 @ $ 10.50 = 1,890.00 January 1 January 10 10 January 20 January 25 January 30 Totals Perpetual LIFO: Inventory Balance Goods Purchased Cost per # of Cost per units unit Cost of Goods Sold # of units Cost per cost of Goods s old unit Sold Date # of units unite Balance January 1 180 @ $ 10.50 = 1.890.00 January 10 January 20 January 25 January 30 Totals