y ***! MILANILMIT. 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 150 units @ $7.50 - $1,125 Units sold at Retail 110 units @ $16.50 Date Activities Jan. 1 Beginning Inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals 80 units@ $6.50 - 520 90 units @ $16.50 200 units @ $6.00 - 430 units 1,200 $2,845 200 units The Company uses a perpetual inventory system For specific identification, ending inventory consists of 230 units, where 200 are from the January 30 purchase. 5 are from the January 20 purchase, and 25 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. Required information 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 cost per unit to 2 decir place.) Specific identification Available for Sale Cost of Goods Sold Ending Inventory Purchase Date Ending Activity Unit Units Unit Ending Cost Per Cost Sold Unit Cost COGS Inventory Unit Inventory Units Cost Jan 1 Beginning inventory 150 $ 750 Jan 20 Purchase 80 Jan 30 Purchase 200 430 0 S 5 0 Required 2 > Cost per Cost per Determine the cost assigned to ending inventory and to cost or goods sold using weighted average. (Round cost per unit to 2 decimal places.) Weighted Average - Perpetual: Goods Purchased Cost of Goods Sold Inventory Balance of #of Date Cost per Cost of Goods units units Inventory # of units unit unit Sold unit Balance sold January 1 150 @ 5 7.50 = $ 1.125.00 January 10 January 20 Average cost January 25 January 30 Totals Perpetual FIFO: Goods Purchased # of units Date Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Cost per unit Cost per Inventory Balance of units Inventory unit Balance 150 @ $ 7.50 = $ 1,125.00 January 1 January 10 January 20 January 25 January 30 Totals Perpetual LIFO: Goods Purchased #of units unit Date Cost per Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Cost per Inventory. Bolonce Inventory # of units unit Balance 150 @ 5 7.50 = $ 1,125.00 January 1 January 10 January 20 January 25 January 30 Totals