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 140 units @ $6.00 = $ 840 100 units @ $ 15 Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals 60 units @ $5.00 = 300 80 units @ $ 15 810 180 units @ $4.50 = 380 units $1,950 180 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 200 units, where 180 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. (R places.) Specific Identification Available for Sale Cost of Goods Sold Purchase Date Ending Inventory Ending Ending Cost Per Inventory- Inventory- Unit Units Cost Activity Uni Cost Units Units Sold Unit Cost COGS Beginning inventory 140 lan. 1 lan. 20 Purchase 60 lan. 30 Purchase 180 380 0 $ 0 0 $ 0 Weighted Average - Perpetual: Goods Purchased Cost of Goods Sold Inventory Balance Cost per Cost per Cost per Date # of units # of units sold Cost of Goods Sold # of units Inventory Balance unit unit unit January 1 140 @ $ 6.00 = $ 840.00 January 10 January 20 Average cost January 25 January 30 Totals Perpetual FIFO: Goods Purchased Cost per Cost per Cost of Goods Sold # of units Cost of Goods sold unit Sold Inventory Balance Inventory # of units unit Balance # of units Cost per Date unit January 1 140 @ $ 6.00 $ 840.00 January 10 January 20 January 25 January 30 Totals Perpetual LIFO: Goods Purchased Cost of Goods Sold Cost per Cost per # of units Date # of units sold Inventory Balance Inventory # of units unit Balance Cost per unit Cost of Goods Sold unit January 1 140 $ 6.00 $ 840.00 January 10 January 20 January 25 January 30 Totals