! Required information [The following information applies to the questions displayed below.] Laker Company reported the following January purchases and sales data for its only product. Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Units Acquired at Cost 175 units @ $10.00 Units sold at Retail = $1,750 135 units @ $19.00 Jan. 20 Purchase 130 units@ $ 9.00 = 1,170 Jan. 25 Sales Jan. 30 Purchase Totals 140 units @ $19.00 250 units@ $ 8.50 = 2,125 555 units $5,045 275 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 280 units, where 250 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning inventory. Required: Required 1 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 Date # of units Cost per unit # of units Cost per unit Cost of Goods Sold Cost per Inventory # of units unit Balance sold January 1 January 10 January 20 Average cost January 25 January 30 Totals 175 @ $10.00 = $ 1,750.00