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 Units Acquired at Cost 225 units @ $15.00 = $3,375 Units sold at Retail Jan. 10 Sales 175 units $24.00 Jan. 20 Purchase Jan, 25 Sales Jan. 30 Purchase Totals 350 units 755 units 180 units @ $14.00 - 2,520 $13.50- 4,725 $10,620 210 units @ $24.00 385 units The Company uses a perpetual inventory system. For specific Identification, ending inventory consists of 370 units, where 350 are from the January 30 purchase. 5 are from the January 20 purchase, and 15 are from beginning inventory. Exercise 5-3 Perpetual: Inventory costing methods LO P1 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.