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. Units sold at Retail Units Acquired at Cost 225 units @ $15.00 - $ 3,375 175 units @ $24.00 Date Activities Jan. 1 Beginning inventory Jan. 19 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals 180 units@ $14.00 - 2,520 210 units @ $24.00 350 units@ $13.50 - 755 units 4.725 $10,620 385 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 370 units, where 350 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 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 question by entering your answers in the tabs below. 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. (Round cost per unit to 2 decimal places.) Specific Identification Available for Sale Cost of Goods Sold Ending Inventory Ending Inventory Inventory Units Ending Cost Per Purchase Date Activity Units Unit Cost Units Sold Cost COGS Jan. 20 Beginning inventory Purchase Purchase 1801 s 1400 Jan. 30 350 Required 2 > Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decimal places.) Cost of Goods Sold Inventory Balance Weighted Average - Perpetual: Goods Purchased #of Cost per Date units unit # of units sald Cost per Cost of Goods unit Sold 8 of units Cost per unit Inventory Balance 1 January 1 225 e $ 15.00 - $ 3,375.00 January 10 January 20 Average cost January 25 January 30 Totals Inventory Balance Goods Purchased Coster s unt Cost of Goods Sold of units Cost per Cost of Goods sold unit Date unit Balance January 1 225 @ 15.00 - $3.375.00 January 10 January 20 January 25 January 30 Totals Perpetual LIFO: Goods Purchased #of Cost per units unit Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Inventory Balance Cost per Inventory of units wit Balance Date January 1 225 @ $ 15.00 - $ 3,375.00 January 10 January 201 January 25 January 30 Totals