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[The following information applies to the questions displayed below] Laker Company reported the following January purchases and sales data for its only product. The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 240 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. Units sold at Retail Date Activities Units Acquired at Cost January 1 Beginning inventory 160 units @ $ 8.50 = $ 1, 360 120 units $ 17.50 January 10 Sales January 20 Purchase 100 units @ $ 7.50 = 750 120 units a $ 17.50 January Sales January 30 Purchase 240 units $ 7.09 680 500 units $ 3, 790 240 units Totals Exercise 5-3 (Algo) Perpetual: Inventory costing methods LO P1 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. B. 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. * Answer is not complete. Complete this question by entering your answers in the tabs below. Specific Id Weighted Average FIFO LIFO 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 Date Cost # of # of units per units Cost per Cost of Goods unit sold unit Sold # of units Cost per unit Inventory Balance January 1 160 at $ 8.50 1.360.00 January 10 January 20 Average cost January 20 January 25 January 30 Totals