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 370 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. Date January 1 January 101 January 20 Activities Beginning inventory Sales Purchase January 25 Sales January 30 Purchase Totals Required: Units Acquired at Cost 220 units $14.50- 63,190 170 units $13.50- Units sold at Retail 170 unite $ 23.50 2,295 200 units $23.50 370 units $13.00- 760 units 4,810 $10,295 370 units 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. B. 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 1 January 20 January 30 Beginning inventory Purchase Purchase 220 170 370 760 0 $ 0 $ January 30 Purchase Totals 370 units 760 units 4,810 $ 10,295 370 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 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: Cost of Goods Sold January 1 January 10 Goods Purchased Inventory Balance Date # of units Cost per #of units unit sold unit Cost per Cost of Goods Sold # of units Cost per unit Inventory Balance 220 at $ 14.50= $ 3,190.00 January 20 Average cost January 20 January 25 January 30 Totals 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 FIFO. Goods Purchased Perpetual FIFO: Cost of Goods Sold Date # of units Cost per unit. # of units sold unit Cost per Cost of Goods Sold Inventory Balance Cost per # of units Inventory Balance unit January 1 220 at $14.50= $ 3,190.00 January 10 January 20 Total January 20 January 25 Total January 25 January 30 Totals Specific Id Weighted Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. Perpetual LIFO: Goods Purchased Cost of Goods Sold Date # of units Cost per # of units unit sold Cost per Cost of Goods unit Sold Cost per # of units Inventory Balance Inventory Balance. unit January 1 220 at $14.50 $ 3,190.00 January 10 January 20 Total January 20 January 25 Total January 25 January 30 Totals