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Required information 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 sold at Retail Units Acquired at Cost 230 units@ $15.50 - $ 3,565 180 units @ $24.50 Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals 190 units@ $14.50 = 2,755 220 units @ $24.50 360 units@ $14.00 = 780 units 5,040 $11,360 400 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 380 units, where 360 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory. Exercise 5-5A Perpetual: Inventory costing LO P3 Required: 1. Complete the table to determine the costs assigned to ending inventory and to cost of goods sold using specific identification. 2. Determine the costs assigned to ending inventory and to cost of goods sold using weighted average. 3. Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. 4. Determine the costs assigned to ending inventory and to cost of goods sold using LIFO. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Complete the table to determine the costs assigned to ending inventory and to cost of goods sold using specific identification. Specific Identification Available for Sale Cost of Goods Sold Cost Per Ending Inventory Ending Ending Inventory- Inventory- Unit Units Cost Purchase Date Activity Unit Cost Units Units Sold Cost COGS 230 Jan. 1 Jan. 20 Jan. 30 Beginning inventory Purchase 190 Purchase 360 | 7800 $ 000 $

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