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 Cost 175 units@ $10.00 - $1,750 135 units @ $19.00 Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals 130 units@ $ 9.00 - 1,170 140 units @ $19.00 250 units@ $ 8.50 - 555 units 2,125 $5,045 275 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 28 where 250 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginn inventory Exercise 5-3 Perpetual: Inventory costing methods LO P1 Required: Prey 1 of 1 Next > Check Required information 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. 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 cost assigned to ending inventory and cost of goods sold using specific identification. (Round cost places.) Specific Identification Available for Sale Ending Cost Per Unit Cost Inventory Cost Activity Cost of Goods Sold Ending Inventory Ending Units Unit Cost Sold COGS Inventory Unit Units 160 $ 10.00 $ 1,600 Purchase Date Units $ 10.00 Jan. 1 175 130 Beginning inventory Purchase Purchase Jan. 20 250 Jan. 30 $ 1.60010 555 Nast Required information 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 place! Cost of Goods Sold Weighted Average - Perpetual: Goods Purchased # of Cost per Date units unit # of units sold Cost per unit Cost of Goods Sold Inventory Balance #of units of units Cost per Inventory unit Balance 175 @ $ 10.00 - $ 1,750.00 January 1 January 10 T January 20 Average cost January 25 January 30 > Required 3 Totals AAAA Required information Perpetual LIFO: Date Goods Purchased # of Cost per units unit Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Inventory Balance # of units Cost per Inventory unit Balance January 1 175 @ $ 10.00 - $ 1,750.00 January 10 January 20 January 25 January 30 Totals Required