Checl 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 290 units, where 260 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning inventory Date Activities Units Acquired at Cost Units sold at Retail Jan. 1 Beginning inventory 170 units@ $9.50 - $1,615 Jan. 10 Sales 130 units $18.50 Jan. 20 Purchase 120 units@ $8.50 1,020 Jan. 25 Sales 130 units@ $18.50 Jan. 30 Purchase 260 units @ $8.00 = 2,080 550 units $4,715 260 units Totals Required: Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification. (b) weighted average, (d) FIFO, and (c) LIFO. Complete this questions by entering your answers in the below tabs. Specific id Weighted FIFO LIFO Average Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decimal places.) b) Average Cost Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Average Cost of Goods Average #of units of units Cost per # of units Available for Cost of Average Cost per sold Ending unit Sale Goods sold in ending Cost per Unit Inventory Inventory unit Required: Determine the cost assigned to ending inventory and to cost of goods sold using a specific Identification, (b) weighted average (9 FIFO, and ( LIFO. Complete this questions by entering your answers in the below tabs. Specific to Weighted FIFO LIFO Average Determine the cost assigned to ending Inventory and to cost of goods told using specific identification. For specific Identification, ending inventory consists of 290 units, where 260 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning inventory. 9) Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Goods Cost per of units W of units # of units Cost per Available for Cost of unit Gost Ending In ending sold Sale unit Goods Sold Inventory per unit Inventory Beginning inventory 170 $ 0.50 $ 1.615 Purchases Jan 20 120 3 8.50 1,020 J. 30 260 S 8.00 2,080 0 Total 650 4,715 0 $