Required informetion 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 175 units $10.ee Units sold at Retail Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase $1,750 135 units $19.ee 130 units $ 9.ee 1,170 148 units @ $19.ee 25e units 8.50 = 2,125 $5,e45 555 units 275 units Totals The Company uses a perpetual inventory system. For specific Identification, ending inventory consists of 280 units, where 250 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning Inventory. 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. 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 Specific Identification Available for Sale Cost of Goods Sold Ending Inventory Ending Inventory- Ending Inventory- Cost Per Units Unit Cost Units Purchase Date Activity Units Unit Cost COGS Sold Unit Cost Beginning inventory Jan. 1 175 Jan. 20 Purchase 130 Purchase Jan. 30 250 555 0 0 0 Required 2 Required 1 [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 175 units $10.ee $1,750 Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales 135 units $19.ee 13e units 9.8e 1,170 140 units $19.0e 250 units @ Jan. 30 Purchase $8.50 2,125 $5,845 Totals 555 units 275 units The Company uses a perpetual inventory system. For specific identification, ending Inventory consists of 280 units, where 250 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning Inventory. 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 welghted 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. 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 unit to 2 decimal places.) Weighted Average - Perpetual: Goods Purchased Inventory Balance Cost of Goods Sold #of units sold Cost per unit Cost per unit # of units Cost per unit Cost of Inventory Balance #of units Date Goods Sold 175@ January 1 10.00 $1,750.00 January 10 January 20 Average cost January 25 January 30 Totals Required 1 Required 3 Jan. 28 Purchase 130 unitS 9.00 1,1/ 140 units $19.ee Jan. 25 Sales 250 units Jan. 30 Purchase 8.50 = 2,125 $5,045 555 units 275 units Totals The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 280 units, where 250 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning inventory Requlred: 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 Required 1 Required 2 Required 3 Required 4 Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. Perpetual LIFO: Cost of Goods Sold Inventory Balance Goods Purchased #of units Cost per unit Cost per unit #of units Cost per unit Cost of Goods Sold Inventory Balance Date # of units sold 175@ S 10.00 January 1 1,750.00 January 10 January 20 January 25 January 30 Totals Required 4 Required 3