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 Activities Units Acquired at Cost Units sold at Retail Jan. 1 Beginning inventory 220 units @ $14.50 - $3,190 170 units @ $23.50 170 units @ $13.50 - 2,295 200 units @ $23.50 340 units@ $13.00 - 4,420 Totals 370 units Date Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase 730 units $9,905 The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 360 units, where 340 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory. Required information 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 places.) Specific Identification Available for Sale Cost of Goods Sold Purchase Date Activity Unit Cost Units Units Sold Ending Inventory Ending Cost Per Ending Inventory Inventory Unit Units Cost 50 $ 14.50 $ 725 Unit Cost COGS Jan 1 Jan 20 Jan. 30 Beginning inventory Purchase 170 $ 14.50 $ 200 $13.50 $ 2.465 2,700 220 $ 14.50 170 $ 13.50 340 $ 13.00 730 Purchase 370 $ 5.165 50 $ 725 Registered Required 2 > Weighted Average - Perpetual: Goods Purchased Cost of Goods Sold Inventory Balance Cost per Date # of units sold # of units Cost per unit Cost per Cost of Goods unit Sold # of units unit Inventory Balance 220 @ $ 14.50 = $ 3.190.00 January 1 January 10 January 20 Average cost January 25 January 30 Totals Required information Goods Purchased # of Cost per units unit Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Cost per Date Inventory Balance # of units Inventory unit Balance 220 @ $14.50 = $ 3.190.00 January 1 January 10 January 20 January 25 January 30 Totals Required information Goods Purchased # of units unit Cost per Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Inventory Balance Cost per Inventory # of units unit Balance Date January 1 220 @ $ 14.50 = $ 3.190.00 January 10 January 20 January 25 January 30 Totals