Use the following information for the Exercises below. The following information applies to the questions displayed below] Laker Company reported the following January purchases and sales data for its only product Units Acqured at CostUnits sold at Retai1 Jan. 1 Beginning inventory 215 unitse $14.00 -$3,010 160 units $13.00 2,080 330 unitee 12.50-4,125 165 units $23.00 190 units $23.00 Sales Totals 705 units $9,215 355 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 350 units, where 330 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory Exercise 5-3 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 questions by entering your answers in the below tabs. Reauired 2 Next > Use the following information for the Exercises below. The following information applies to the questions displayed below] Laker Company reported the following January purchases and sales data for its only product Units Acqured at CostUnits sold at Retai1 Jan. 1 Beginning inventory 215 unitse $14.00 -$3,010 160 units $13.00 2,080 330 unitee 12.50-4,125 165 units $23.00 190 units $23.00 Sales Totals 705 units $9,215 355 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 350 units, where 330 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory Exercise 5-3 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 questions by entering your answers in the below tabs. Reauired 2 Next >