Required information Use the following information for the Exercises 3-7 below. (Static) [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 100 units @ $ 15 Date Activities Units Acquired at Cost Jan. 1 Beginning inventory 140 units @ $6.00 = $ 840 Jan. 10 Sales Jan. 20 Purchase 60 units @ $5.00 = 300 Jan. 25 Sales Jan. 30 Purchase 180 units @ $4.50 = 810 Totals 380 units $1,950 80 units @ $ 15 180 units Exercise 5-5A (Static) Perpetual: Inventory costing LO P3 The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 200 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory. 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. Specific Id Weighted Average FIFO LIFO Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. Specific Identification Available for Sale Cost of Goods Sold Purchase Date # of units Activity Cost Per Unit # of units sold Ending Inventory Ending Cost Per Ending Inventory- Uni Inventory- Units Cost Cost Per Unit COGS Jan. 1 Beginning inventory 140 Jan. 20 Purchase 60 Jan. 30 Purchase 180 380 0 0 0 0