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 290 units from the January 30 purchase, 5 units from the January 20 purchase, and 20 units from beginning inventory. Date January 1 January 10 January 20 Sales Purchase" January 25 Sales January 30 Purchase Totals Activities Beginning inventory Units Acquired at Cost 195 units $ 12.00- 120 units 11.00- $ 2,340 Units sold at Retail 155 units $21.00 1,320 135 units $ 21.00 290 units 605 units $10.50- 3,045 $ 6,705 290 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. Check my 2 points Complete this question by entering your answers in the tabs below. Specific Id Weighted Average FIFO LIFO eBook Hint 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 COGS Cost Per Unit Ending Inventory- Units Cost Per Unit Ending Inventory-Cost Print January 11 January 20 Beginning inventory 195 Purchase 120 References January 301 Purchase 290 605 0 Specific lit Weighted Average > 5 nces Complete this question by entering your answers in the tabs below. 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 unit of units sold Cost per unit Cost of Goods Sold # of units Cost per unit Inventory Balance 195 at S 12.00- $ 2,340.00 January 20 Average cost January 20 January 25 January 30 Totals Required information Specific Id Weighted Average Part 1 of 5 2 points FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. Goods Purchased Perpetual FIFO Cost of Goods Sold Rate of units Cost per unit of units sold Cost per Cost of Goods unit Sold of units Inventory Balance Cost per Inventory Balance unit January 11 195 at $12.00 $ 2,340.00 Book January 10 Print January 201 Total January 20 References January 25 Total January 25 January 30 Totals Required information. Specific Id Weighted Average FIFO Part 1 of 5 2 points LIFO Determine the cost assigned to ending inventory a cost of goods sold using LIFO. Goods Purchased Perpetual LIFO: Cost of Goods Sold Inventory Balance Date of units Cost per unit of units sold unit Cost per Cost of Goods Sold # of units unit Cost per Inventory Balance January 1 195 at $12.00 $ 2.340.00 eBook January 101 Print References January 20 Total January 20 January 25 Total January 25 January 301 Totals