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. Inits sold at Retail Units Acquired at Cast 235 units $16.00 $ 3.760 185 units @ $25.00 Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan 25 Sales Jan. 30 Purchase Totals 180 units $15.00 2.700 200 units $25.00 314.50 370 units 785 units 5.365 $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 5-5A Perpetual: Inventory costing LO P3 Required: 1. Complete the table to determine the costs assigned to ending inventory and to cost of goods sold using specific identification. 2. Determine the costs assigned to ending inventory and to cost of goods sold using weighted average. 3. Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. 4. Determine the costs assigned to ending inventory and to cost of goods sold using LIFO. Required information . CCC C LUSUS Bayreu EU CURTY WIVELUTY CHU W LULUI YUuus SU USIYLI Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Complete the table to determine the costs assigned to ending inventory and to cost of goods sold using specific identification. Specific Identification Available for Sale Purchase Date Activity Units Unit Cost Cost of Goods Sold Ending Inventory Ending Ending Units Unit Cost Cost Per COGS Inventory. Inventory- Sold Hit Units Cost 185 $ 16.00 $ 2,960 235 $ 16.00 $ 3.760 Jan 1 Beginning inventory Purchase Jan. 20 235 180 370 785 $ 16.00 $ 15.00 S 1450 Jan 30 Purchase 185 $ 2,960 235 $ 3.760 Required 1 Required 2 > SAS Required information comprere this question by entering your answers in the raps perow. Required 1 Required 2 Required 3 Required 4 Determine the costs 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 Purchased # of units Date Cost per unit Cost of Goods Sold * of Cost per cost of Goods units 0 sold unit Inventory Balance # of units of units cos Cost per Inventory unit Balance So January 1 235 @ S 16.00 = $3 760.00 January 10 January 20 1 1 Average cost January 25 January 30 Totals Required information Required 1 Required 2 Required 3 Required 4 Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. Perpetual FIFO: Goods Purchased Cost of Goods Sold Inventory Balance # of Date Cost per # of units Cost per Cost of Goods # of units Cost per Inventory unit sold unit Sold unit Balance January 1 January 1 235 @ 16.00 - $3.760 00 3,760.00 January 10 January 201 units January 25 January 30 Totals Repred2 Raould Required information Kequirea Requirea 2 Requirea > Kequirea 4 Determine the costs assigned to ending inventory and to cost of goods sold using LIFO. Perpetual LIFO: Goods Purchased # of Cost per units unit Cost of Goods Sold # of units Cost per cost of Goods sold Date Inventory Balance of units Cost per Inventory unit Balance 235 @ $ 16.00 3,760.00 January 1 January 10 January 20 January 25 January 30 Totals