nom beying inventory. Date Activities Units Acquired at Cost Units sold at Retail January 1 Beginning inventory 235 units @ $ 16.00 = $ 3,760 January 10 January 20 January 25 January 30 Sales Purchase Sales Purchase Totals 185 units @ $ 25.00 180 units @ $ 15.00 = 2,700 200 units @ $ 25.00 385 units 800 units $ 13.00 = 5,005 $ 11,465 385 units Exercise 5-3 (Algo) 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 Id Weighted Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. Perpetual LIFO: Inventory Balance Cost per unit Inventory Balance 235 at $ 16.00 = $ 3,760.00 Goods Purchased Cost of Goods Sold Date # of units Cost per unit # of units sold Cost per Cost of Goods unit Sold # of units January 1 January 10 January 20 Total January 20 January 25 Total January 25 January 30 Totals