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Required information [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 200 units from the January 30 purchase, 5 units from the January 20 purchase, and 25 units from beginning inventory Units Acquired at Cost 150 units $ 7.50 - Units sold at Retail $ 1,125 Date January 1 January 10 January 20 January 25 January 30 110 units $16.50 Activities Beginning inventory Sales Purchase Sales Purchase Totals Be units $ 6.50 520 90 units 5. 16.50 200 units 430 units $ 6.00- 1,200 $ 2,845 200 units 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 Complete this question by entering your answers in the tabs below. Specific ld 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 Cost of Goods Sold Available for Sale Purchase Date Activity Cost Per Unit of units Ending Inventory Cost Per Unit Ending Inventory. Cost #of units Sold Cost Per Unit Ending Inventory Units COGS January 1 January 20 January 30 Beginning inventory Purchase Purchase 150 $ 7.50 80s 6.50 200 $ 6.00 430 0 0 S 0 Weighted Average > Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decimal places.) Weighted Average Petual: Cost of Goods Sold Goods Purchased Inventory Balance Date Cost per of units Cost per unit # of units sold Cost of Goods Sold unit of units Cost per unit Inventory Balance January 1 150 at 5 7.50 = $ 1,125 00 January 10 January 20 Average cost January 20 January 25 January 30 Totals Specific Id Weighted Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. Perpetual FIFO Goods Purchased Cost of Goods Sold Inventory Balance Date #of units Cost per # of units Cost per Cost of Goods unit # of units sold unit Sold Inventory Balance tinit January 1 150 at $ 7.50 = $ 1.125.00 Cost per January 10 January 20 Total January 20 January 25 January 10 January 20 Total January 20 January 25 Total January 25 January 30 Totals Perpetual LIFA Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Date Goods Purchased Cost per W of units unit Cost per Inventory Balance unit Inventory Balance #of units January 1 150 at $ 750 1.125 00 January 10 January 20 Total January 20 January 25 Total January 25 January 20 Total January 20 January 25 Total January 25 January 30 Totals