The company uses a prepetual inventory system. For specific identification, ending inventory consists of 285 units. Where 270 are from the January 30 purchase, 5 are from the January 20 purchase, and 10 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.

***********I need help understanding how to find the Units Sold under the cost of goods sold******

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. Units Acquired at Cost 185 units $11.00- $2,035 Date Activities Units sold at Retail 1 Beginning inventory Jan 145 units@ Jan. 10 Sales $20.00 100 units $10.00 chase Jan. 25 Salas 1,000 125 units $20.00 270 units S 9.50 - 2,565 Jan. 30 Purchase 270 units $5,600 Totals 555 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 285 units, where 270 are from the January 30 purchase, 5 are from the January 20 purchase, and 10 are from beginning inventory. Exercise 5-3 Perpetual: Inventory costing methods LO P1 Required: Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. Determine the cost assigned to ending inventory and to cost of goods sold using weighted average Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. 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 Cost of Goods Sold Ending Inventory Available for Sale Ending Inventory- Units Ending Inventory- Cost Unit Units Cost Per Purchase Date Activity Units Unit Cost COGS Cost Sold Unit 11.00 $ Beginning inventory Purchase $ 11.00 Jan. 1 185 10 110 5 10.00 $ 10.00 Jan. 20 100 50 Purchase $ 9.50 270 Jan. 30 270 S 9.50 2,565 555 2,725 0 285