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 Date Activities Units Acquired at Cost Retail Jan. 1 Beginning inventory 140 units @ $6.00 = $ 840 Jan. 10 Sales 100 units@ $15 Jan. 20 Purchase 60 units @ $5.00 = 300 Jan. 25 Sales 80 units@ $15 Jan. 30. Purchase 180 units @ $4.50 810 Totals 380 units 51,950 180 units ces The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 200 units, where 180 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 2 points Complete this question by entering your answers in the tabs below. co Hun References Required. I Required 2 Required 3 Required 4 Required 1 Complete the ti to determine the cost assigned to ending Inventory and cost of goods sold using specific identification (Round cost per unit to 2 del places.) Specific Identification Available for Sale Cost of Goods Sold Ending Inventory Unit Ending Activity Unite Purchase Date Units Ending Cost Cost Per Sold Unit Cost COOS Inventory Unit Inventory: Units Cost Jan 1 Beginning inventory 140 [Jan 20 Purchase 60 Jan 30 Purchase 100 300 Required 2 2 points 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 conter unit to 2 decimal places) eBook Hint Weighted Average - Perpetual: Goods Purchased Bot Date Cost per units unit References #of units sold Cost of Goods Sold Cost per Cost of Goods unit Sold Inventory Balance Cost per Inventory of units unit Balance 140.00 $ 0.00 $140.00 January 1 January 10 January 20 Average cost January 25 January 30 Totals Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. (Round cost per unit to 2 decimal places.) Perpetual FIFO: ok Goods Purchased # of Cost per units unit Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Date Inventory Balance Cost per # of units Inventory unit Balance 140 $ 6.00 = $ 840.00 January 1 COS January 10 January 20 January 25 January 30 Totals Seould Beid Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. (Round cost per unit to 2 decimal places.) Perpetual LIFO Goods Purchased Cost of Goods Sold Inventory Balance Date #of units Cost per Cost of Goods Cost per Inventory units unit sold unit # of units Sold unit Balance January 1 140 $ 6,00 S 840.00 Book W of Cost per Hint Forences January 10 January 20 January 25 January 30 Totals