Required information [The following information applies to the questions displayed below.J Laker Company reported the following January purchases and sales data for its only product. Activities Beginning inventory Units Acquired at Cost Units sold at Retail Jan. 1 Jan.10 Sales Jan.20 Purchase Jan.25 Sales Jan. 30 Purchase 165 units@$9.00 $1,485 110 units@ $8.00880 230 units@$7.501,725 125 units $18.00 125 units $18.00 Totals 505 units $4,090 250 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 255 units, where 230 are from the January 30 purchase, 5 are from the January 20 purchase, and 20 are from beginning inventory Required 1. Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. 2. Determine the cost assigned to ending inventory and to cost of goods sold using weighted average 3. Determine the cost assigned to ending inventory and to cost of goods sold using FIFO 4. Determine the cost assigned to ending inventory and to cost of goods sold using LIFO Complete this questions by entering your answers in the below tabs. Required 1 Required 2Required 3 Required 4 Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decimal places.) Weighted Average-Perpetual: Goods Purchas ost of Goods Sold Inventory Balance #of units Cost per unit #of units Cost perCost of sold Cost per Inventory Balance per unit Date ! #Of units unit Goods Sold January 1 January 10 January 20 165$ 9.00$1,495.00 165 9.0$1,485.00 40$ 9.00$360.00 110S 800 0 900 36000 110$ 8.00880.00 150 8.00 125 $1,240,00 Average cost January 25 January 30 125 80$1,000 00 Totals $2,485.00