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 355 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory Motivation Unit Aequired at cout Unite sold at Retail January 1 Beginning inventory 215 units. $14.00 - $.1.010 January 10 Sales 165 units # 23.00 January 20 Purchase 160 units $13.00 - 2,000 January 25 Sales 190 units . 23.00 January 30 Purchase 355 units. 511.00 - 3.905 Totals 730 unita $ 8,995 355 units 57 Data 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 ossigned to ending Inventory and to cost of goods sold using LIFO Complete this question by entering your answers in the tabs below. Specified Weighted FIFO Average LIFO Complete the table to determine the cost assigned to ending Inventory and cost of goods sold using specific identification Spasiteettication Available for Sale Cost of Goods Sold Ending Inventory Purchase Date Activity Ending #of units Cost Per # of units Unit sold Cost Per Unit COGS Inventory Ending Cost Per Unit Units Inventory. Cost January 1 Beginning inventory 215 January 20 Purchase 160 January 30 Purchase 355 730 0 0 5 pince Weighted Average > Specific la 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 Inventory Balance Date Cost per of units W of units Cont per Cost of Goods unit sold unit Sold # of units Cost per unit Inventory Balance January 1 215 at $ 14.00 3,010,00 January 10 165 ats 14.00 $ 2,310.00 50 ats 14.00 $ 700.00 160 at 13.00 50 at $ 14.00 $ January 20 700.00 160 at $ 13.00 2,080.00 Average cost January 20 210 s 13.24 2,780,00 January 25 1901 at $ 13.24 $ 2,515.60 20 at S 13.24 $ 264 80 355 at $ 11.00 20 at $ 13.24 - $ 264 BO January 30 355 ats 11.00 - 3,905.00 Totals $ 4,825 60 375 at $ 4,169.80 Specific ld FIFO > Specific Id Weighted Average FIFO LIFO Sold Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. Perpetual FIFO: Goods Purchased Cost of Goods Sold Inventory Balance Date #of units Cost per of units Cost per Cost of Goods Cost per unit sold of units unit unit Inventory Balance January 1 215 at $ 14.00 - $ 3,010.00 January 10 165 at $14.00 - $ 2,310.00 50 a $14.00 - $ 700.00 January 20 100 a $13.00 at 50 a $14.00 - $ 700.00 1601 at $ 13.00 2,080.00 Total January 20 2,780.00 $ 50 at January 25 $ $ 700.00 280.00 140 at $ 14,00 $13.00 1,820.00 20 at $14.00 $ 20 $13.00 - $ $ 260.00 Total January 25 $ 2.520.00 540.00 355) at $ 11.00 January 30 $ 20 at $ 14,00 20 at $13.00 - 356 at $11.00 - 280.00 260.00 3,905.00 Totals $ 4,830.00 $ 4,445.00 Welghted Average LIFO > Reg 1. Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identificatio 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. 53:12 Complete this question by entering your answers in the tabs below. Specific Id Weighted Average FIFO Jero Determine the cost assigned to ending Inventory and to cost of goods sold Using LIFO. Perpetual Leo Goods Purchased Cost of Goods sold Date Cost per of units of units Cost per Cost of Goods unit sold unit Sold of units January 1 215 al Cost per Inventory Balance Inventory Balance $14.00 - 5 3,010,00 unit January 10 January 20 Total January 20 January 25 Total January 25 January 30 Totals