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 180 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory Units Acquired at Cost 140 units @ $ 6.00 = Units sold at Retail $ 840 Date January 1 January 10 January 20 January 25 January 30 100 units @ $ 15 Activities Beginning inventory Sales Purchase Sales Purchase Totals 60 units @ $ 5.00 - 380 80 units @ $ 15 @ $ 4.50 180 units 380 units 810 $ 1,950 180 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. 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. Purchase Date Specific Identification Available for Sale Cost of Goods Sold Ending Inventory # of Cost Per # of Activity Ending Cost Per Ending units Cost Per Unit units COGS Inventory- Unit sold Inventory Unit Units Cost Beginning inventory 140 Purchase 60 Purchase 180 380 January 1 January 20 January 30 Weighted Average > 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: Goods Purchased Cost of Goods Sold # of Cost per # of units Cost per Cost of Goods unit units unit Sold sold Inventory Balance Date # of units Cost per unit Inventory Balance January 1 140 at $ 6.00 $ 840.00 January 10 January 20 Average cost January 20 January 25 January 30 Totals Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. Date Goods Purchased Cost per # of units unit Perpetual FIFO: Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Inventory Balance Cost per Inventory # of units unit Balance January 1 140 at $ 6.00 = $ 840.00 January 10 January 20 Total January 20 January 25 Total January 25 January 30 Totals Required information Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. Goods Purchased Date Perpetual LIFO: Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold # of units Cost per Inventory Balance # of units Cost per Inventory unit Balance unit January 1 140 at $ 6.00 = $ 840.00 January 10 January 20 Total January 20 January 25 Total January 25 January 30 Totals