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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

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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 Jan. 1 Beginning i Jan. 20 Jan. 25 Sales Jan. 30 Purchase tory 175 unite $10.00 -$1,750 30 units$9.00-1,170 250 unitae $8.50-2,125 135 units $19.00 140 units $19.00 555 units $5,045 275 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 280 units, where 250 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 P 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 questions by entering your answers in the below tabs. Required 1 Reauired 2 Required 3 Required 4 1 of 1lNext

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