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 310 units from the January 30 purchase, 5 units from the January 20 purchase, and 30 units from beginning inventory. Date January 1 Activities Beginning inventory January 10 Sales January 201 January 25 January 30 Purchase Sales Purchase Totals Units Acquired at Cost 205 units $13.00- $ 2,665 140 units @ $ 12.00- 310 units $ 11.50 655 units Units sold at Retail 165 units e $ 22.00 1,680 145 units $ 22.00 3,565 $ 7,910 310 units Exercise 5-3 (Algo) Perpetual: Inventory costing methods LO P1 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. Specific Id Weighted Average FIFO 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: Purchase Date January 11 Activity Beginning inventory # of units Cost Per Unit # of units sold Cost of Goods Sold Cost Per Unit Ending Inventory COGS Ending Inventory- Units Cost Per Unit Ending Inventory-Cost 205 $ 13.00 January 20 Purchase 140 $ 12.00 1 $ 12.00 12 22 January 30 Purchase 310 $ 11.50 655 1 $ 12 0 $