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 Units Acquired at Cost 145 units $7.00-$1,015 Units sold at Retail Jan. 1 Beginning inventory Jan. 10 Sales 105 units e $16.00 Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase 70 unitse $6.00 420 85 units $16.00 190 units $5.50 1,045 Totals 405 units $2,480 190 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 215 units, where 190 are from the January 30 purchase, 5 are from the January 20 purchase, and 20 are from beginning inventory 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 questions by entering your answers in the below tabs. Required 4 Required 3 Required 1 Required 2 Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. Required 1 Required 2 Required 3 Required 4 Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. Specific Identification Available for Sale Cost of Goods Sold Ending Inventory Ending Inventory- Cost Per Units Ending Inventory- Cost Unit Purchase Date Units Sold Activity Units Unit Cost COGS Cost Unit Jan. 1 Beginning inventory 145 Jan. 20 Purchase 70 Jan. 30 Purchase 190 405 0 C C Required 2 Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 de P Weighted Average-Perpetual: Goods Purchased eBook Inventory Balance Cost of Goods Sold #of units sold # of units Cost per unit Cost per unit Inventory Balance Cost per Cost of Goods unit Date #of units Sold Hint 145 $ 7.00 January 1 $1,015.00 January 10 Print January 20 Average cost derences January 25 January 30 Totals