Return to question 28 pos 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 is sodat Retail Jan. 1 beginning inventory 210 units $13.50 -32,835 Jan. 10 Sales 160 units $22.50 Jan, 20 Purchase 150 units $12.50 -1.875 Jan. 25 Sales 189 units $22.50 San. 30 Purchase 320 units $12.03.14 Totals 680 units $8.5se 340 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 340 units, where 320 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. Required information Required 1 Required 2 Required 3 Required Determine the assign Invento and to cost of goods sold using FIFO. (Round cost per unit to 2 decimal places Perpetual FIFO Goods Purchased Cost of Goods Sold of Cost per of units Cost per cost of Goods units unit sold unit Sold Date Inventory.Balancs Cost per Inventory of units unit Balance 210 $ 13.50 $ 2835.00 January January 10 January 20 int rences January 25 January 30 Totals 1 Required information 28 Required 1 Required 2 Required 3 Required 4 oints Determine the cost assigned to ending inventory and to cost of goods sold using LIFO (Round cost per unit to 2 decimal places Perpetual LIFO: eBook Goods Purchased Cost of Goods Sold # of Cost per # of units Cost per Cost of Goods units unit sold unit Sold Date Inventory Balance Cost per Inventory #of units unit Balance 210 5 13.50 = $ 2,835.00 Hint January 1 January 10 January 20 Print References January 25 January 30 Totals