Required information [The following information applies to the questions displayed below.] Laker Company reported the following January purchases and sales data for its only product. The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 250 units from the January 30 purchase, 5 units from the January 20 purchase, and 20 units from beginning inventory. Units Acquired at Cost 165 units # $ 9.00- $ 1,485 Date January 1 January 10 January 20 January 25 January 30 Activities Beginning investory Sales Purchase Sales $ 18.00 110 units $ 8.00- Units sold at Retail 125 units 4 125 units e 250 units $ 18.00 250 units 880 1,875 $ 4,240 $ 7.50- Purchase Totals 525 units 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 question by entering your answers in the tabs below. 49 Required information Complete this question by entering your answers in the tabs below. Specific Id Weighted FIFO LIFO Average 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 Ending Inventory Purchase Date Activity Cost Per Unit # of units sold Cost Per Unit Ending COGS Inventory. Units Cost Per Unit January 1 Beginning inventory T January 20 Purchase January 30 Purchase S 0 Weighted Average > # of units 165 110 250 525 0 Specific l 0 Ending Inventory-Cost $ 0 Required information Specific Id Weighted FIFO LIFO Average 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 Date # of units Cost per 8 of units unit sold Cost per Cost of Goods unit Sold # of units Cost per unit Inventory Balance 9.00 January 1 $ 1,485.00 January 10 January 201 Average cost January 20 January 25 January 30 Totals I Enteck my work Required information LACINLINE st asyne to enging inventory and to cost of youus susiy riru. Perpetual FIFO Goods Purchased Cost of Goods Sold Date Cost per # of units sold # of units Inventory Balance Cost per Inventory Balance unit Cost per Cost of Goods unit Sold # of units uhut 165 at $9.00 = $ 1,485.00 January 1 January 10 January 20 Total January 20 January 25 Total January 25 January 30 Totals s 22 art 1 of 5 . ints albook Hint Print BC waw Fl Determine the cost assigned to ending inventory and to cost of goods sold using LIFO/ Perpetual LIFO: Cost of Goods Sold Goods Purchased Date #of units of units sold Cost per Cost of Goods unit Sold of units 165 at