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. Activities Beginning inventory Date January 1 January 10 January 201 Sales January 25 January 30 Purchase Sales Purchase Totals 150 units @ Units Acquired at Cost $7.50- Units sold at Retail $ 1,125 110 units $16.50 80 units P $ 6.50- 5201 90 units $16.50 200 units $ 6.00- 4.30 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. 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. Specific Identification Available for Sale Cost of Goods Sold Ending Inventory Purchase Date Activity # of units Cost Per Unit # of units sold Cost Per Unit COGS Ending Inventory- Units Cost Per Unit Ending Inventory-Cost January 11 January 201 Beginning inventory 150 Purchase 80 January 30 Purchase 200 430 0 $ 0 $ 0 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. January 1 January 10 Goods Purchased Cost of Goods Sold Inventory Balance Date # of units Cost per of units unit sold Cost per unit Cost of Goods Sold # of units 150 at $ 7.50 Cost per unit Inventory Balance 1,125.00 $ January 20 Average cost January 201 January 25 January 30 Totals Required information Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. Goods Purchased Perpetual FIFO: Cost of Goods Sold Date # of units Cost per unit # of units sold Cost per Cost of Goods unit Sold Inventory Balance Cost per # of units Inventory Balance unit January 1 150 at $ 7.50 $ 1,125.00 January 10 January 20 Total January 20 January 25 Total January 25 January 30 Totals Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. Goods Purchased Perpetual LIFO: Cost of Goods Sold Date # of units Cost per unit # of units sold Cost per Cost of Goods unit Sold # of units Inventory Balance Cost per unit Inventory Balance January 1 150 at $ 7.50 = $ 1,125.00 January 10 January 20 Total January 20 January 25 Total January 25 January 30 Totals