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. Activities Units Aequired at Cost Units sold at Retail Jan. 1 Beginning inventory 165 unitse $9.00 - $1,485 Jan. 10 Sales 125 units $18.00 Jan. 20 Purchase 110 unitse $8.00 - 880 Jan. 25 Sales 125 units $18.00 Jan. 30 Purchase 230 unitat $7.50 - 1,725 Totals 505 units $4,090 250 units Date 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 question by entering your answers in the tabs below. 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. (Round cost per unit to 2 decimal places.) Specific Identification Available for Sale Cost of Goods Sold Ending Inventory Unit Ending Purchase Date Units Ending Activity Units Cost Per Cost Sold Unit Cost COGS Inventory Unit Inventory Units Cost Jan. 1 Beginning inventory 165 $ 9.00 20 $ 9.00 $ 180 145$ 9.00 $ 1,305 Jan 20 Purchase 110 $ 8.00 $ 8.00 $ 40 105 $ 8.00 $ 840 Jan 30 Purchase 230 750 1055 7.505 130 $ 1.000 250 $ 2,145 5 780 SOS Required 1 Required 2 Required 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: Goodsturchased Cost of Goods Sold Inventory Balance #of Date Cost per Cost of Goods units Cost per unit Inventory # of units unit sold Sold unit Balance January 1 165 9.00 $ 1.485.00 January 10 January 20 of Cost per units Average cost January 25 January 30 Total Required 1 Regards >