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 Units sold at Retail Units Acquired at Cost 150 units @ $7.50 = $1,125 110 units @ $16.50 Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase 80 units @ $6.50 = 520 90 units @ $16.50 200 units @ $6.00 = 430 units 1,200 $2,845 Totals 200 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 230 units, where 200 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 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 Required 1 Required 2 Required 3 Required 4 Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. (Round cost per unit to 2 decimal places.) Perpetual FIFO: Goods Purchased Cost of Goods Sold Inventory Balance Cost Date # of units # of units sold Cost per unit Cost of Goods Sold # of units per unit Cost per unit Inventory Balance January 1 150 @ $ 7.50 $ 1,125.00 January 10 110 $ 7.50 $ 825.00 40 @ $ 7.50 - $ 300.00 January 20 80 @ $ 6.50 40 a $ 7.50 11 $ 300.00 120 X @ $ 6.50 Il 780.00 $ 1,080.00 January 25 90 x @ $ 7.50 = $ 675.00 @ $ 7.50 = I @ $ 6.50 0.00 @ $ 6.50 = $ 675.00 January 30 Totals