Chapter 6 Inventory Costing 9 Required information 9.09 points Use the following information for the Exercises 3-7 below. (Algo) eBook Saved [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 190 units from the January 30 purchase, 5 units from the January 20 purchase, and 20 units from beginning inventory. Date Activities Hint Print January 1 January 10 January 20 January 25 January 30 Beginning inventory Sales Purchase Sales Purchase Totals Units Acquired at Cost 145 units @ Units sold at Retail $ 7.00- $ 1,015 105 units @ $ 16.00 70 units @ $ 6.00- 420 85 units @ $ 16.00 190 units @ $ 5.50- 1,045 405 units $ 2,480 190 units References Exercise 6-3 (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. Help Save & Exit Submit Check my work