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 Date Activities Units Acquired at Cost Units sold at Retail Jan. 1 Beginning inventory 160 units $8.50 - $1,360 Jan. 10 Sales 120 units $17.50 Jan. 20 Purchase 100 units $7.50 - 750 Jan. 25 Sales 120 units @ $17.50 Jan. 30 Purchase 220 units $7.00 -1.540 Totals 480 units $3,650 240 units The Company uses a perpetual inventory system for specific identification, ending inventory consists of 240 units, where 220 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 Required 3 Required 4 Required 1 Required 2 Required) Required 4 Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification Cound cost per unit to 2 decimal place.) Specific. Identification Cont of Goods Endinger Unit Activity Ending Units Unit Sold al Cou Cou COGStory ry Unit Coul Jan 1 Beginning inventory 160 Jan 20 Purchase 100 Jan 30 Purchase 220 480 0 5 0 $ Cost Required 2 > Required Required Required Required Determine the cost algned to ending Inventory and to cost of goods sold using weighted average (onder ledna Weighted Average Perpetual Cost of Goods of of Coupe may Ban Costa Cost per Cast of Goods Sol so January 1 1 100 a $8505116000 January 10 January 20 Average January 25 January 30 Totais Required 1 Rewed 2 Red Determine the cost signed to ending inventory and to concert 2) Certal ContaGoods So of Couperos Cost Como de 1 - 100 January Langay 10 January 20 January 25 January 30 TO Required Required 2 Required Required Determine the cost assigned to ending inventory and to cost of goods sold in UFO Mund cost to 2 decimal places PerpetualLIFO Good Pathaned ol Cost por Contot Goods Sold of units Cost per cost of Goods sold wn Sold Cost January 160 $850-1360.00 | January 10 January 20 January 25 January 30 Total