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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.

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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. For specific identification, ending inventory consists of 200 units from the January 30 purchase, 5 units from the January 20 purchase, and 25 units from beginning inventory: Assume the perpetual inventory system is used. 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 FFFO. 4. Defermine the cost assigned to ending inventory and to cost of goods sold using LiFO. Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. letermine the cost assigned to ending inventory and to cost of goods sold using FIFO. \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|} \hline \multicolumn{12}{|c|}{ Wolghted Averone - Perpetual: } \\ \hline \multirow[b]{2}{*}{ Date + } & \multicolumn{2}{|c|}{ Goods Putchased } & \multicolumn{3}{|c|}{ Cost of Goods. Sold } & \multicolumn{6}{|c|}{ Inventory Balance } \\ \hline & I of units & \begin{tabular}{c} Cost per \\ anis \end{tabular} & \begin{tabular}{l} \# of units \\ sold \end{tabular} & \multirow{2}{*}{\begin{tabular}{c} Cost per \\ unit \end{tabular}} & \begin{tabular}{l} Cost of Goods \\ Sold \end{tabular} & \multicolumn{2}{|l|}{ \#o of units } & Cost per unit & \multicolumn{3}{|c|}{ Inventory Balance } \\ \hline January 1 & & & & & & 150 & ot & 7.50 & = & 5 & 1,125.00 \\ \hline \multicolumn{12}{|l|}{ January 10} \\ \hline \multicolumn{12}{|l|}{ January 20} \\ \hline & & & & & & & & & & & \\ \hline Average cost January 20 & & & & & & & & & & & \\ \hline \multicolumn{12}{|l|}{ January 25} \\ \hline \multirow{2}{*}{\multicolumn{12}{|c|}{ Sanuary 50}} \\ \hline & & & & & & & & & & & \\ \hline Tocals & & & & & & & & & & & \\ \hline \end{tabular}

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