[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 175 units $10.00 - $1.750 Units sold at Retail 135 units $19.00 Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals 140 units $19.00 130 units @ $ 9.00 - 250 units @ $ 8.50 - 555 units 1,170 3,125 $5,845 275 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. 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. 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 cc places.) Specific Identification Available for Sale Cost of Goods Sold Ending Ending Inventory Ending Inventory Unit Units Cost Purchase Date Cost Per Activity Unit Units Units Sold Cost Unit Cost COGS Inventory- Beginning inventory Purchase Purchase 175 130 Jan. 20 Jan 30 250 555 Renuired Required 2 > Cost of Goods Sold Weighted Average - Perpetual: Goods Purchased #of Date Cost per units unit # of units Cost per Cost of Goods unit Sold Inventory Balance # of units Cost per Inventory unit Balance 175 @ $ 10.00 = 5 1,750.00 sold January 1 January 10 January 20 Average cost January 25 January 30 Totals IPUIDUSTRIEU Goods Purchast #of Cost per units unit Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Date Inventory Balance Cost per Inventory # of units unit Balance 175 @ $ 10.00 - $ 1,750.00 January 1 January 10 January 20 January 25 January 30 Totals Required information Perpetual LIFO: Goods Purchased # of Cost per units unit Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Date Inventory Balance # of units Cost per Inventory Balance 175 @ $ 10.00 - $ 1.750.00 unit January 1 January 10 January 20 January 25 January 30 Totals Talk to Cortana o B. a eg