Laker Company reported the following January purchases and sales data for its only product. The Company uses a perpetual inventory system. 4. Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. Date Activities Units Acquired at Cost Units Cost Total cost Units Units Sold at Retail Selling price Total Sales per unit per unit January 01 Beginning inventory 225 $15.00 $3,375.00 January 10 January 20 January 25 January 30 Sales Purchase Sales Purchase 175 $24.00 $4,200.00 180 $14.00 $2,520.00 210 $24.00 $5,040.00 Totals 385 790 $12.00 $4,620.00 $10,515.00 385 $9,240.00 Perpetual LIFO Units available 225 units from beginning inventory 180 units purchased on January 20 385 units purchased on January 30 Cost of Goods Sold - Jan 10 Cost of Goods Sold - Jan 25 Ending Inventory Units Cost Cost of goods Units Cost Cost of goods Units Cost Inventory per unit sold per unit sold per unit $15.00 $15.00 $15.00 $14.00 $14.00 $14.00 $12.00 $12.00 $12.00 Totals 0 $0.00 0 $0.00 0 $0.00