The following intomation appies to the questions displayed below) Laker Company reported the following January purchases and sales data for its only product Date Activities Dan. 1 Beginning inventory Jan. 19 Sales Dan, 20 Purchase Dan. 25 Sales Jan.Be Purchase Totals Units Acquired lat Cost Units sold at Retail 225 units@ $15.00 - $ 3,375 175 units @ $24.00 180 units@ $14.00 2,520 210 units @ $24.00 350 units@ $13.50 4,725 755 units $10,620 385 units The Company uses a perpetual Inventory system. For specific identification, ending Inventory consists of 370 units, where 350 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory equired: 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 Available for Sale Cost of Goods Sold urchase Date Activity Units Unit Cost Units Sold Unit Cost COGS Ending Inventory Ending Cost Per Ending Inventory Unit Inventory Units Cost 225 an, 1 an. 20 an. 30 Beginning inventory Purchase Purchase 180 350 755 Prey 1 of 3 3 Next > Jan. 18 inventory Jan. 19 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals 225 units@ $15.00 = $ 3,375 175 units @ $24.00 units@ $14.00 = 2,520 210 units @ $24.00 350 units@ $13.5e = 4,725 1755 units $19,620 385 units 180 The Company uses a perpetual Inventory system. For specific identification, ending inventory consists of 370 units, where 350 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. 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 #of units Cost per Cost of Goods Sold #of units Cost per Cost of Goods unit Sold sold Date unit # of units Cost per unit Inventory Balance January 1 225 @ $ 15,00 = $3,375.00 January 10 January 20 Average cost January 25 January 30 Totals Prev Next > Laker company reported the following January purchases and sales data for its only product. Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals Units Acquired at Cost Units sold at Retail 225 units@ $15.00 - $ 3,375 175 units @ $24.00 180 units@ $14.00 = 2,520 210 units @ $24.00 350 units@ $13.50 4,725 755 units $10,620 385 units The Company uses a perpetual Inventory system. For specific Identification, ending Inventory consists of 370 units, where 350 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 identication. 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 FIFO. Perpetual FIFO: Goods Purchased #OT Cost per units unit Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Date Inventory Balance Cost per # of units Inventory unit Balance 225 @ S 15.00 5 MINE 3,375.00 M January 1 January 10 January 20 January 25 Prev 1 of 3 Next > Totals 55 units 10, 620 385 units The company uses a perpetual Inventory systemFor specific identification ending inventory consists of 370 units, where 350 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 welghted average. 3. Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. 4. Determine the cast 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 LLIFO: 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 $ 225 @ $ 15.00 3,375.00 January 10 January 20 January 25 January 30 Totals