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 170 units @ $9.50 - $1,615 130 units $18.50 Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals 120 units@ $8.50 - 1,020 130 units $18.50 240 units@ $8.00 - 530 units 1,920 $4,555 260 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 270 units, where 240 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning inventory. 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. Specific Identification Available for Sale Cost of Goods Sold Units COGS Sold Unit Cost Ending Inventory Ending Cost Per Ending Inventory- Unit Inventory. Units Cost Purchase Date Activity Unit Cost Units 170 Jan. 1 Jan. 20 Jan. 30 Beginning inventory Purchase Purchase 120 240 530 $ 0 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 Cost per Cost per Cost of Goods Cost per Date Inventory # of units units Sold sold Balance January 1 170 G $ 9.50 $1,615.00 January 10 January 20 # of units unit unit unit Average cost January 25 January 30 Totals Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. Perpetual FIFO: Goods Purchased Cost per # of units Date Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold unit Inventory Balance Cost per Inventory # of units unit Balance $ 170 @ $ 9.50 = 1.615.00 January 1 January 10 January 20 January 25 January 30 Totals Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. Perpetual LIFO Goods Purchased # of units unit Cost per Cost of Goods Sold # of units Cost per cost of Goods sold unit Sold Date Inventory Balance Cost per Inventory # of units unit Balance $ 170 @ $ 9.50 - 1,615.00 January 1 January 10 January 20 January 25 January 30 Totals