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 100 units @ $10.50 - $1,890 n. le Sales 140 nits $19.50 Jan. 20 Purchase 110 units $ 9.50 1,045 Jan. 25 Sales 130 units @ $19.se Jan. 30 Purchase 260 units $9.00 2,340 Totais 550 units $5,275 270 units The Company uses a perpetual inventory system for specific identification, ending inventory consists of 280 units, where 260 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 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required Complete the table to determine the cost assigned to ending Inventory and cost of goods sold using specific identification (Round cost pe Specific Identification Available for Sale Cost of Goods Sold Units Sold COGS Purchase Date Activity Units Unit Cost Ending Inventory Ending Cost Per Ending Intory- terventory Unit Us Cost Jan 1 Jan 20 Jan 30 Beginning inventory Purchase Purchase 1807 5 10.50 110 260 550 5 0 Required 2 > Required: 1. Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specif 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 question by entering your answers in the tabs below. 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 Weighted Average - Perpetual Goods Purchased Date #of unit Cost of Goods Sold Inventory Balance Cost per of units sold Cost per Cost of Goods Sold Cost per unit #of units unit Inventory Balance January 1 180 $10.50 $ 1.890.00 January 10 January 20 Average cost January 25 January 30 Totals to search CH ex Od using specific ider 3. Determine the cost assigned to ending inventory and to cost of goods sold using FIFO Hing inventory and to cost of goods sold using weighted average. 4. Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. Complete this question by entering your answers in the tabs below. Required: Required 2 Required 3 Required 4 Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. (Round cost per unit to 2 decimal plac Perpetual FIFO: Goods Purchased Cost of Goods Sold Inventory Balance Cost per Date of units Cost per Cost of Goods units Inventory unit sold unit #of units Sold unit Balance January 1 180 @ $10.50 $ 1.890.00 January 10 January 20 Cost per January 25 January 30 Total o C G oly and to cost of goods sold using LIFO Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 --- Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. Round cost per unit to 2 decimal places Perpetual UFO Goods Purchased Cost of Goods Sold Inventory Balance ol Date Cost per of units Cost per Cost of Goods Inventory unit sold unit Sold # of units unit Balance January 180 e $ 10.50 $ 1.890.00 January to January 20 Cost per January 25 January 30