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 385 units from the January 30 purchase. 5 units from the January 20 purchase, and 25 units from beginning inventory Units Acquired at Cost 235 units @ $ 16.00 Unit Sol Rem $ 3,769 Date January 1 January 10 January 20 January 25 January 30 185 unte 525.com Activities Beginning inventory sales Purchase Sales Purchase Totals 180 units $ 15.00 2,700 200 units 52ee $ 12.09 385 units 800 units 5 ees $ 11,465 385 unl 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. Spednic 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 Cost of Goods Sold Available for Sale Ending Inventory Purchase Date Activity # of units Cost Per Unit # of units sold Cost Per Unit COGS Ending Inventory Units Cost Per Unit Ending Inventory- Cost 235 January 1 January 20 January 30 Beginning inventory Purchase Purchase 180 385 800 S Weighted Average > 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 385 units from the January 30 purchase, 5 units from the January 20 purchase, and 25 units from beginning Inventory. Units Acquired at cosu 235 units a $ 1&105 Units sold at Retail $ 3,760 185 units @ Date January 1 January 10 January 20 January 3 January 30 $ 25.00 Activities Beginning inventory Sales Purchase Sales Purchase Totals 180 units @ $ 15.00 2 2e0 units $ 25.00 $ 13.00 385 units 200 units 5 000 $ 11,465 395 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 welghted 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 to 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.) Inventory Balance Goods Purchased Weighted Average. Perpetual: Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Date # of units Cost per unit Inventory Balance # of units Cost per unit 235 at S H8.00 S 3.780.00 January 1 January 10 January 20 Average cost January 20 January 25 January 30 Totals FIFO > (Specific ld 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 385 units from the January 30 purchase. 5 units from the January 20 purchase, and 25 units from beginning Inventory Units Acquired at Cost 235 units $ 16.09 Units sold at Real 5 3,76 Date January 1 January 10 January 20 January 25 January 30 145 units Activities Beginning Inventory Saies Purchase Sales Purchase Totals 180 units $ 25lee $ 15.00 2,70 200 units $25.ee @ $ 13.00 385 units 890 units 5,695 $ 11,465 385 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 welghted 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 Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. Perpetual FIFO Cost of Goods Sold #of units Cost Cost of Goods sold per unit Sold Goods Purchased Cost # of units per unit Date Inventory Balance #of units Cost per unit Inventory Balance 235 at 5 18.00 3,780.00 January 1 January 10 January 20 Total January 20 January 25 Total January 25 January 30 Totals LIFO >