20 points 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. eBook Units sold at Retail Hint Date Activities Jan. 1 Beginning inventory Jan. 18 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals 130 units @ $18.50 Print Units Acquired at Cost 178 units@ $9.50 $1,615 128 units@ $8.50 1,820 240 units@ $8.08 = 1,920 530 units $4,555 130 units @ $18.50 References 260 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 270 units, where 240 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. Complete this question by entering your answers in the tabs below. 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 cost assigned to ending Inventory and cost of goods sold using specific identification. (Round cost per unit to 2 decimal places.) Specific Identification Available for Sale Cost of Goods Sold Purchase Date Activity Units Unit Cost Units Sold Ending Inventory Ending Cost Per Ending Inventory Units Unit Inventory Cost Unit Cost COGS Jan. 1 Jan. 20 Jan. 30 Beginning inventory Purchase Purchase 170 $ 9.50 120 $ 8.50 240 $ 8.00 530 240 $ 240 0 $ 0 8.00 $ $ 1.920 1.920 Required 2 >