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 Units Acquired at Cost Units sold at Retail Jan. 1 Beginning inventory 155 unitse $8.00 - $1,240 Jan. 10 Sales 115 units $17.00 Jan. 20 Purchase 90 unitse $7.00 - 630 Jan. 25 Sales 95 units $17.00 Jan. 30 Purchase 210 unitse $6.50 - 1.365 Totals 455 units $3,235 210 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. 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 per places.) Specific Identification Available for Sale Cost of Goods Sold Ending Inventory Unit Units Ending Purchase Date Ending Activity Units Unit Cost Cost Cett Per COGS Sold Inventory- Unit Inventory. Units Cost Jan. 1 Beginning inventory 155 $ 8.00 Jan. 20 Purchase 90 $ 7.00 Jan. 30 Purchase 210 $ 6.50 0 455 $ 0 $ 0 0 0 Required 2 > 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 Inventory Balance Weighted Average - Perpetual: Goods Purchased Date # of units unit Cost of Goods Sold Cost per Cost of Goods unit Sold # of units sold Cost per # of units Cost per unit Inventory Balance 155 @ $ 8.00 = $ 1,240.00 January 1 January 10 January 20 155 @ $ 8.00 155 @ $ 8.00 = 1,240.00 $ 1,240.00 Average cost 155 @ January 25 January 30 Totals Determine the LUSE Perpetual FIFO: Goods Purchased Inventory Balance # of units Date Cost per unit Cost of Goods Sold # of units Cost per cost of Goods sold unit Sold Cost per of units Inventory unit Balance 155 @ $ 8.00 - $ 1,240.00 January 1 January 10 5 January 20 January 25 January 30 Totals Perpetual LIFO Goods Purchased #of units unit Cost per Cost of Goods Sold # of units Cost of Goods sold unit Sold + Cost per Inventory Balance Cost per Inventory # of units unit Balance 155 @ $ 8.00 = $ 1,240.00 Date January 1 January 10 January 20 January 25 January 30 Totals