3 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. Part 1 of2 Date Activities Units Acquired at cost Units sold at Retail Jan 1 Beginning Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase 225 units $15.003,375 180 units $14.002,520 350 units @ $13.50= 4.725 inventory 175 units $24.00 175 units $24.00 Print Totals 755 units $10,620 350 units Required: The Company uses a periodic inventory system. For specific identification, ending inventory consists of 405 units, where 350 are from the January 30 purchase, 5 are from the January 20 purchase, and 50 are from beginning inventory. Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (c) FIFO, and (a) LIFO