The application "Screenshot" can't be opened. Required information Use the following information for the Exei OK [The following information applies to the questio Laker Company reported the following January purchases and sales data for its only product. Units sold at Retail Units Acquired at Cost 175 units@ $10.00 = $1,750 Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase 135 units @ $19.00 130 units@ $ 9.00 - 1,170 Jan. 25 Sales 140 units @ $19.00 Jan. 30 Purchase 250 units@ $ 8.50 = 2,125 Totals 555 units $5,045 275 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. 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 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 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 Cost of Goods Sold Ending Inventory Purchase Date Activity Units Unit Cost Units Sold Unit Cost COGS Ending Inventory- Units Cost Per Unit Ending Inventory- Cost Jan. 1 Beginning inventory 175 Jan. 20 Purchase 130 Jan. 30 Purchase 250 0 555 0 $ 0 0 $ 0 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 Cost of Goods Sold Inventory Balance Cost per Date # of units Cost per unit # of units sold Cost of Goods Sold # of units Cost per unit Inventory Balance unit January 1 175 @ $ 10.00 = $ 1,750.00 January 10 January 20 Average cost January 25 January 30 Totals Required 1 Required 2 Required 3 Required 4 Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. (Round cost per unit to 2 decimal places.) Perpetual FIFO: Goods Purchased Inventory Balance Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Date # of units Cost per unit # of units Cost per unit Inventory Balance January 1 175 @ $ 10.00 = $ 1,750.00 January 10 January 20 January 25 January 30 Totals Required 1 Required 2 Required 3 Required 4 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: Goods Purchased # of Cost per units unit 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 1 175 @ $ 10.00 - $ 1.750.00 January 10 January 20 January 25 January 30 Totals