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Laker Company reported the following January purchases and sales data for its only product. Date Activities dan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals Units Acquired at Cost Units sold at Retail 140 units @ $6.00 - $ 840 100 units @ $ 15 60 units @ $5.00 = 300 80 units @ $ 15 180 units $4.50 = 810 380 units $1,950 180 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 200 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory. 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. Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. (Round cost per unit to 2 decimal places.) Perpetual FIFO: Goods Purchased Cost # of units per unit Cost of Goods Sold Cost #of units Oost of Goods sold per Sold unit Inventory Balance Cost Inventory per Balance unit # of units Date I 140 @ $ 6.00 $ 840.00 January 1 $ 6.00 $ 600.00 100 @ 240 S 1,440.00 $ 6.00 January 10 300 $ 6.00 = $ 1,800.00 60 a $5.00 January 20 @ $ 5.00 IS 1.800.00 January 25 $6.00 0.00 a $6.00 a $5.00 0.00 $5.00 January 30 Totals Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. (Round cost per unit to 2 decimal places.) Perpetual LIFO: Goods Purchased Cost # of units per unit Cost of Goods Sold Cost # of units Cost of sold per Goods Sold unit Date Inventory Balance Cost Inventory # of units per Balance unit S 140 @ $ 6.00 840.00 January 1 100 x @ January 10 January 20 January 25 January 30 Totals