Use the following information for the Exercises 3-7 below. (Algo) [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 300 units from the January 30 purchase, 5 units from the January 20 purchase, and 25 units from beginning inventory Activities Units Acquired at cost January 1 Beginning inventory Units soldat Retail 200 units $12.50 $ 2,500 January 10 Sales 160 units $21.50 January 20 Purchase 130 units $11.50 1,495 January 25 148 units $21.50 January 30 300 units $11.ee 3,300 Totals 630 units $ 7,295 300 units Date Sales Purchase 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. FIFO Specific Id Weighted Average LIFO 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 Ending Cost Per Hofsnits Endine Specific id Weighted Average FIFO UFO Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification Specitic Identification Available for Sale Cost of Goods sold Ending Inventory Purchase Date Ending Activity Hot units N of units Cost Per Inventory Cost Per Unit Unit COGS Cost Per Unit Ending Sold Units Inventory January 1 Beginning inventory 200 January 20 Purchase 130 January 30 Purchase 300 630 Specificid Weighted Average > Weighted Average - Perpetual: Cost of Goods Sold Goods Purchased Inventory Balance Date Cost per N of units Cost per # of units sold Cost of Goods Sold Hof units Cost per unit Inventory Balance unit unit 200 at $ 12.50 = $ 2,500.00 January 1 January 10 January 20 Average cost January 20 January 25 January 30 Totals