Required Information Use the following information for the Exercises below. [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 Units Acquired at Coat 155 units $8.00 $1,240 90 units@ $7.00 - 630 Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals 115 units @ $17.00 95 units @ $17.00 210 units@ $6.50 - 455 units 1,365 455 units $3,235 210 units 210 units The Company uses a perpetual Inventory system. For specific identification, ending Inventory consists of 245 units, where 210 are from the January 30 purchase, 5 are from the January 20 purchase, and 30 are from beginning inventory. Exercise 5-5A Perpetual: Inventory costing LO P3 Required: 1. Complete the table to determine the costs assigned to ending inventory and to cost of goods sold using specific identification. 2. Determine the costs assigned to ending inventory and to cost of goods sold using weighted average. 3. Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. 4. Determine the costs 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 costs assigned to ending Inventory and to cost of goods sold using specific identification 2. Determine the costs assigned to ending inventory and to cost of goods sold using weighted average. 3. Determine the costs assigned to ending Inventory and to cost of goods sold using FIFO. 4. Determine the costs 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 costs assigned to ending inventory and to cost of goods sold using specific identification. Specific Identification Available for Sale Cost of Goods Sold Purchase Date Ending Ending Inventory Ending Inventory Inventory- Units Cost Activity Unit Cost Units Units Sold Unit Cost Cost Per COGS Jan. 1 Jan. 20 Jan. 30 Beginning inventory Purchase Purchase 155 90 210 455 0 $ 0 Required 2 > 3. Determine the costs assigned to ending Inventory and to cost of goods sold using FIFO. 4. Determine the costs 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 Determine the costs 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 Purchased Date of Cost per units unit Cost of Goods Sold unite Cost per Cost of Goods unit Sold Inventory Balance unite Cost per Inventory unit Balance January 1 January 155 @ $ 8,00 51,240.00 January 10 January 20 Average cost January 25 January 30 Totals Required 1 Required 2 Required 3 Required 3 Required 4 Determine the costs assigned to ending Inventory and to cost of goods sold using FIFO. Perpetual FIFO: Goods Purchased # of Coat per units unlt Cost of Goods Sold of units Cost per cost of Goods sold unit Sold Inventory Balance a lt Cost per Inventory of units unit Balance 155 @ $ 8.00 - 1240.00 January 1 January 10 T January 20 January 25 / January 30 / / / I / / - / / / / 1 Totals / / / ENT Un mormon Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Determine the costs assigned to ending Inventory and to cost of goods sold using LIFO Perpetual LIFO: Goods Purchased Cost of Goods Sold Inventory Balance Date of Cost per of units Cost per Cost of Goods Cost per inventory units unit sold unit Sold January 1 156 @ S 8.00 - 1,240.00 January 10 January 20 January 25 January 30 Totals