Required information Use the following information for the Exercises below [The following information applies to the questions displayed belowj Laker Company reported the following January purchases and sales data for its only product. Date Dan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Dan. 25 Sales Jan. 30 Purchase Activities Units Acquired at Cost 235 units $16.00 -$ 3,760 180 units $15.00-2,700 370 units$14.55,365 Units sold at Retail 185 units$25.00 200 units$25.00 Totals 785 units $11,825 385 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 400 units where 370 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning inventory. Exercise 5-3 Perpetual: Inventory costing methods LO P1 Required 1. Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. 2. Determine the cost assigned to ending inventory and to cost of goods sold using weighted average 3. Determine the cost assigned to ending inventory and to cost of goods sold using FIFO 4. Determine the cost assigned to ending inventory and to cost of goods sold using LIFO Complete this questions by entering your answers in the below tabs. Complete this questions by entering your answers in the below tabs. Required 1 Required 2 Required 3Required 4 Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification Specific Identification Available for Sale Cost of Goods Sold Ending Inventory Unit Units Cost Ending Ending Cost PerInventory Purchase Date Jan. 1 Jan. 20 Jan. 30 Activity Unit Cost COGS Inventory- Sold Unit Units Cost Beginning inventory Purchase Purchase 235 S 16.00 180 S 15.00 370 1405365$ 14.50 77,793 785 3760$ 16.00$ 60,160 2700 $ 15.00$ 40,500 11,825 $ 178,453 Required 1 Required 2 Complete this questions by entering your answers in the below tabs. Required 1 Required 2 Required 3Required 4 Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decimal places.) Weighted Average- Perpetual: Goods Purchase Cost of Goods Sold Inventory Balance Cost perunits sold Cost per Cost of Goods Cost per Inventory Balance 0 Date # of units units unit unit Sold unit January 1 January 10 January 20 235 16.00$3,760.00 180$ 15.00 18015.002,700.00 180 @ Average cost January 25 January 30 $2,700.00 370S 14.50 37014.505,365.00 370 @ Totals Required 1 Required 3 Complete this questions by entering your answers in the below tabs. Required 1 Required 2 Required 3Required 4 Determine the cost assigned to ending inventory and to cost of goods sold using LIFO Perpetual LIFO: Goods Purchase ost of Goods Sold Cost per unit # of units sold | Cost per | unit Cost of Goods! Sold Inventory Balance unit Cost perInventory Balance 0 Date #Of units units $ 16.00| # | 3,760 January 1 January 10 January 20 January 25 January 30 Totals Required 3 Required 4