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.

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 Informatlon Use the followlng Informatlon for the Exerclses below IThe following Information appliles to the questions displayed below. Laker Company reported the following January purchases and sales data for its only product. Activities Date Jan. 1 Beginning inventory Jan. 1e Sales Jan. 28 Purchase Jan. 25 Sales Jan. 3e Purchase Units Acquired at Cost 21e units $13.502,835 15e units $12.51,875 328 units $12.ee - 3,84 680 units Units sold at Retail 16e units $22.5e 18e units$22.5e Totals $8,55e 34 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 Requirec 1. Complete the table to determine the cost assigned to ending Inventory and cost of goods sold using specific ldentification 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 1Required 2 Required 3 Required 4 Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification Available for Sale Cost of Goods Sold Ending Inventory Ending Cost Per Inventory- Ending Unit Cost Units Sold Activity chase Date Units Unit Cost COGS InventoryU Units Cost Jan. 1 Jan. 20 Jan. 30 Beginning inventory Purchase Purchase 210 S 13.50 150S 12.50 320S 12.00 680 Required2>