1 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 Date Activities Units Acquired at Cost Units sold at Retail Jan. 1 Beginning inventory 240 units Jan. 10 Sales Jan. 20 Purchase 170 units@ $15.50 $16.50 $3,960 2,635 190 0 units $25.50 Jan. 25 Sales Jan. 30 Purchase 015135 Totals 190 units #$25.50 380 units # $15.00 790 units 5,700 $12,295 380 units Book The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 410 units, where 380 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning Inventory 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. Activate Windows