Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. Note: Round cost per unit to 2 decimal places. 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. For specific identification, ending inventory consists of 290 units from the January 30 purchase, 5 units from the January 20 purchase, and 20 units from beginning inventory. etermine the cost assigned to ending inventory and to cost of goods sold using LIFO. \begin{tabular}{|c|c|c|c|} \hline \begin{tabular}{c} Specific \\ Identification \end{tabular} & \begin{tabular}{l} Weighted \\ Average \end{tabular} & FIFO & LIFO \\ \hline \end{tabular} Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|} \hline \multicolumn{10}{|c|}{ Specific Identification } \\ \hline \multirow[b]{2}{*}{ Purchase Date } & \multicolumn{3}{|c|}{ Available for Sale } & \multicolumn{3}{|c|}{ Cost of Goods Sold } & \multicolumn{3}{|c|}{ Ending Inventory } \\ \hline & Activity & \begin{tabular}{l} \# of \\ units \end{tabular} & \begin{tabular}{l} Cost \\ Per \\ Unit \end{tabular} & \begin{tabular}{c} \# of \\ units \\ sold \end{tabular} & \begin{tabular}{c} Cost Per \\ Unit \end{tabular} & \begin{tabular}{l} Cost of \\ Goods \\ Sold \end{tabular} & \begin{tabular}{c} Ending \\ Inventory- \\ Units \end{tabular} & \begin{tabular}{c} Cost Per \\ Unit \end{tabular} & \begin{tabular}{l} Ending \\ Inventory- \\ Cost \end{tabular} \\ \hline January 1 & Beginning inventory & 195 & $12.00 & 155 & 12.00 & $1,860 & 40X & 12.00 & $480 \\ \hline January 20 & Purchase & 120 & $11.00 & 135 & 11.00 & 1,485 & 15 & 11.00 & 165 \\ \hline \multirow[t]{2}{*}{ January 30} & Purchase & 290 & $10.50 & 0 & & & 290 & 10.50 & 3,045 \\ \hline & & 605 & & 290 & & $3,345 & 345 & & 3,690 \\ \hline \end{tabular} etermine the cost assigned to ending inventory and to cost of goods sold using FIFO