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. Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals Units Acquired at Cost 240 units $16.50 = $ 3,960 170 units@ $15.50 - 2,635 380 units $15.00 = 5,700 790 units $12,295 Units sold at Retail 190 units @ $25.50 190 units @ $25.50 380 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 410 units, where 380 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning inventory. Exercise 5-3 Perpetual: Inventory costing methods LO P1 Required: . Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. !. Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. 1. Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. I. 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 Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decimal plac Weighted Average - Perpetual: Date # of units Goods Purchased Cost per unit Cost of Goods Sold Inventory Balance # of units sold Cost per Cost of Goods unit Sold # of units Cost per unit Inventory Balance January 1 January 10 190 @$16.50 = $ 3,135.00 January 20 170 @ $ 15.50 240 @$16.50 = $ 3,960.00 Average cost 170 @ $15.50 = 170 @ 2,635.00 $ 2,635.00 January 25 190 @$ 15.27 = $ 2,901.30 January 30 380 @$ 15.00 Totals $ 6,036.30 380 @ $ 15.00 = 380 @ 5,700.00 Required 1 Required 3 Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. (Round cost per unit to 2 decimal places.)