12 Part 1 of 2 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 periodic inventory system. For specific identification, ending inventory consists of 228 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 43 are from beginning inventory. Date Activities Units Acquired at Cost Units sold at Retail Jan. 1 Beginning inventory 154 units @ $6.00 = $ 924 Jan. 10 Sales 86 units $15.00 Jan. 20 Purchase 74 units $5.00 378 Jan. 25 Sales 94 units 515.00 Jan. 30 Purchase 180 units @ $4.50 810 Totals 488 units $2,184 188 units 5 00:30 Required: Determine the cost assigned to ending inventory and to cost of goods sold using ( specific identification, (by weighted average.( ( Complete this question by entering your answers in the tabs below. Weighted Specific Id Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. Parlodie LIFO Cost of Goods Available for Sale Cost of Goods Sold Cost of Goode of units Cost of Goods # of units unit Available for Sale sold Sold Cost per Cost per Ending Inventory of units in ending Cost per Ending unt Inventory Inventory UR Beginning inventory Purchases Jan 20 Jan 20 Total 0 $ 0 0 $ (FIFO