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 180 units @ $24.50 Date Activities Units Acquired at Cost Jan. 1 Beginning inventory 230 units@ $15.50 - $ 3,565 Jan. 10 Sales Jan. 20 Purchase 190 units @ $14.50 = 2,755 Jan. 25 Sales Jan. 30 Purchase 360 units@ $14.00 - 5,040 Totals 780 units $ 11,360 220 units @ $24.50 400 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 380 units, where 360 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 2 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 places.) Perpetual FIFO: Goods Purchased # of Cost units per unit Cost of Goods Sold # of units Cost of Goods sold per unit Sold Date Cost Inventory Balance # of units Cost per Inventory unit Balance 230 @ $ 15.50 - $ 3,565.00 January 1 January 10 January 20 January 25 January 30 Totals