! 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. The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 200 units from the January 30 purchase, 5 units from the January 20 purchase, and 25 units from beginning inventory. Units sold at Retail Units Acquired at Cost 150 units @ $ 7.50 = $ 1,125 110 units @ $ 16.50 Date January 1 January 10 January 20 January 25 January 30 Activities Beginning inventory Sales Purchase Sales Purchase Totals 80 units $ 6.50 = 520 90 units @ $ 16.50 $ 6.00 = 200 units @ 430 units 1,200 $ 2,845 200 units 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. 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 LIFO. 90 units @ January 25 January 30 $ 16.50 Sales Purchase Totals $ 6.00 = 200 units @ 430 units 1,200 $ 2,845 200 units 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. X Answer is not complete. Complete this question by entering your answers in the tabs below. Specific Id Weighted Average FIFO LIFO Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. Available for Sale Ending Inventory Purchase Date Cost Activity # of units Specific Identification Cost of Goods Sold # of Cost Per Per units COGS Unit Unit sold $ 7.50 100 x $ 7.50 $ 750 $ 6.50 100 x $ $ 6.50 650 $ 6.00 0 Ending Inventory- Units Cost Per Unit Ending Inventory- Cost January 1 150 Beginning inventory Purchase Purchase January 20 January 30 80 200 430 200 $ 1,400 0 $ 0 Specific ld Weighted Average > 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. x 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: Cost of Goods Sold Date Goods Purchased Cost # of units per unit Inventory Balance Cost per unit Inventory Balance # of units sold Cost per unit Cost of Goods Sold # of units January 1 150 at $ 7.50 $ 1,125.00 January 10 January 20 Average cost January 20 January 25 January 30 Totals Required information Lumnicu LHS YMCSLIUI VY CHILCI My your ITSVCISI VIC Luva VCIUN. Specific Id Weighted FIFO Average LIFO Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. Perpetual FIFO: Cost of Goods Sold Cost # of units sold per Cost of Goods Sold unit Goods Purchased Cost # of units per unit Date Inventory Balance Cost per Inventory Balance unit # of units January 1 150 at $7.50 = $ 1,125.00 January 10 January 20 Total January 20 January 25 Total January 25 January 30 Totals Required information Lumnicu LHS YMCSLIUI VY CHILCI My your ITSVCISI VIC Luva VCIUN. Specific Id Weighted FIFO Average LIFO Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. Perpetual LIFO: Cost of Goods Sold Cost # of units sold per Cost of Goods Sold unit Goods Purchased Cost # of units per unit Date # of units Inventory_Balance Cost per Inventory Balance unit # of units January 1 150 at $7.50 $ 1,125.00 January 10 January 20 Total January 20 January 25 Total January 25 January 30 Totals