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[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	235	units	@	$	16.00	=	$	3,760
Jan.	10		Sales										185	units	@	$	25.00
Jan.	20		Purchase	180	units	@	$	15.00	=		2,700
Jan.	25		Sales										200	units	@	$	25.00
Jan.	30		Purchase	370	units	@	$	14.50	=		5,365
			Totals	785	units					$	11,825		385	units

The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 400 units, where 370 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: 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.