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 215 units $14.00 - $3,010 Jan. 18 Sales 165 units @ $23.00 Jan. 20 Purchase 160 units@ $13.00 = 2,080 Jan. 25 Sales 190 units @ $23.00 Jan. 30 Purchase 330 unitse $12.50 = 4,125 Totals 785 units $9,215 355 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 350 units, where 330 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 4 Ty Wor Required information I. LUWUR LOVI I UN CUNEO L U VU nu com o US BUSCH ITU. 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 Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification, Round cost per unit to 2 decimal places Specific Identification Available for Sale Coat of Goods Sold Unit Ending Inventory Ending Ending Coot Por Inventory Unit Inventory Units Cost Purchase Date Activity Units Units Sold Unit Cost Cost COGS Jan 1 Jan. 20 Jan. 30 Beginning inventory Purchase Purchase 215 100 330 705 0 $ 0 0 $ Required 2 >