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. Units sold at Retail Units Acquired at Cost 160 units@ $8.50 = $1,360 120 units @ $17.50 Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals 100 units @ $7.50 = 750 120 units @ $17.50 220 units @ $7.00 = 480 units 1,540 $3,650 240 units The Company uses a perpetual Inventory system. For specific identification, ending Inventory consists of 240 units, where 220 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 identifi decimal places.) Specific Identification Available for Sale Cost of Goods Sold Ending Inventory End Ending re units, where 220 are from the January 30 purchase, 5 are for the diludly 20 pui 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 c decimal places.) Specific Identification Available for Sale Cost of Goods Sold Purchase Date Activity Units Unit Cost Units Sold Ending Inventory Ending Ending Cost Per Inventory. Inventory Unit Units Cost Unit Cost COGS 160 Jan. 1 Jan. 20 Beginning inventory Purchase Jan 30 100 220 Purchase 480 0 $ 0 0 $ 0 Reditel Required 2 > 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 Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cost Weighted Average - Perpetual: Goods Purchased Cost of Goods Sold Inventory Balance Cost per Cost per Date # of units # of units sold unit Cost of Goods Sold # of units Cost per unit unit Inventory Balance January 1 160 @ $ 8.50 = $ 1,360.00 January 10 120 @ $ 8.50 = $ 1,020.00 40 @ $ 8.50 = $ 340.00 January 20 100 @ $ 7.50 40 @ $ 340.00 $ 8.50 = $ 7.50 = 100 @ 750.00 Average cost 140 @ $ 1,090.00 January 25 January 30 Totals $ 1,020.00 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Re 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 decimal Perpetual FIFO: Goods Purchased Cost of Goods Sold Inventory Balance Cost per Date # of units Cost per # of units sold unit Cost per Cost of Goods Sold #of units Inventory Balance unit unit January 1 160 @ $ 8.50 = $ 1,360.00 January 10 January 20 January 25 January 30 Totals Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Fequired 4 Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. (Round cost per unit to 2 decim Perpetual LIFO: Goods Purchased # of Cost per units unit Cost of Goods Sold Cost per Cost of Goods # of units sold unit Sold Date Inventory Balance Inventory # of units unit Balance Cost per January 1 160 @ $ 8.50 = $ 1,360.00 January 10 January 20 January 25 January 30 Totals