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 Jan. 1 Beginning inventory Jan. 10 Sales Units Acquired at Cost 220 units @ $14.50 = $3,190 Units sold at Retail 170 units @ $23.50 Jan. 20 Purchase Jan. 25 Sales 170 units @ $13.50 = 2,295 200 units @ $23.50 Jan. 30 Purchase Totals 340 units @ $13.00 = 730 units 4,420 $9,905 370 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 360 units, where 340 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 Unit Units Purchase Date Activity Units Unit Cost COGS Cost Sold Ending Inventory- Units Cost Per Unit Ending Inventory- Cost Jan. 1 Beginning inventory 220 205 $ 0 15 $ 0 Jan. 20 Purchase 170 165 $ 0 Jan. 30 Purchase 340 0 730 370 $ 0 15 $ 0 < Required 1 Required 2 > termine the cost assigned to ending inventory ighted Average - Perpetual: Goods Purchased Cost of Goods Sold # of # of Date units Cost per unit units Cost per Cost of Goods Sold unit # of units unit Inventory Balance Cost per Inventory Balance sold nuary 1 220 @ $ 14.50 = $ 3,190.00 anuary 10 anuary 20 Average cost January 25 January 30 Totals < Required 1 Required 3> es 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 decim Perpetual FIFO: Goods Purchased Cost of Goods Sold Date # of units Cost per unit # of units sold Cost per unit Cost of Goods Sold # of units Inventory Balance Cost per Inventory unit Balance 220 @ $ 14.50 = $3,190.00 January 1 January 10 January 20 January 25 January 30 Totals + es Required 1 Required 2 Required 3 Required 4 Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. (Round cost per unit to 2 decimal places.) Perpetual LIFO: Goods Purchased Date January 1 January 10 January 20 January 25 January 30 Totals # of units Cost of Goods Sold Cost per unit # of units sold Cost per unit Cost of Goods Sold # of units Inventory Balance Cost per unit Inventory Balance 220 @ $ 14.50 = $ 3,190.00 Required 3 Required 4>