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 periodic inventory system. For specific identification, ending inventory consists of 228 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 43 are from beginning inventory. Date Activities Units Acquired at Cost Units sold at Retail Jan. 1 Beginning inventory 154 units @ $6.00 - $ 924 Jan. 10 Sales 86 units@ $15.00 Jan. 20 Purchase 74 units @ $5.89 370 Jan. 25 Sales 94 units @ $15.00 Jan. 30 Purchase 188 units @ $4.50 810 Totals 408 units $2,184 180 units 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 Specific Identification Available for Sale Cat 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 Cost Per Ending # of units # of units Unit sold Cost Per Unit COGS Inventory Ending Cost Per Unit Units Inventory. Cost Jan 1 Beginning inventory 154 $ 6.00 924 $ 6.00 $ 5,544 Jan, 20 Purchase 74 $ 5.00 370 $ 5.00 1,850 Jan. 30 Purchase 180 40B 1.294 $ 7,394 0 0 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 place Weighted Averago - Perpetual: +oods Purchased Cost of Goods Sold Inventory Balance #of Cost per of units Date Cost per Cost of Goods units unit sold unit Sold of units Cost per unit Inventory Balance January 1 154 @ $ 6.00 = 924.00 January 10 January 20 Average cost January 25 January 30 Totals Required information Specific Id Weighted Average FIFO LIFO Determine the cost assigned to ending Inventory and to cost of goods sold using FIFO. Perpetual FIFO: Goods Purchased # of units unit Cost of Goods Sold # of units Cost per Cost of Goods sold Sold Date Cost per Cost per unit Inventory Balance # of units unit Inventory Balance 154 @ $ 6.00 = $ 924.00 January 1 January 10 January 20 January 25 January 30 Totals ( Weighted Average LIFO > Required information Specific Id Welghted Average FIFO LIFO Determine the cost assigned to ending Inventory and to cost of goods sold using LIFO. Perpetual LIFO: Goods Purchased #of Cost per units unit Date C+of Goods Sold # of units Cost per Cost of Goods sold unit Sold # of units Cost per Inventory Balance unit Inventory Balance $ 6.00 = $ 924.00 January 1 154 @ January 10 January 20 January 25 January 30 Totals (FIFO