ercises and Problems Laker Company reported the following January purchases and sales data for its only product. The Company uses a perpetual Inventory system. For specific Identification, ending Inventory consists of 180 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning Inventory. Units sold at Retail Units Acquired at cost 143 UTILS $ 6.00 $ 843 108 units @ $ 15 33 309 50 units Date January 1 January 10 January 20 January 25 January 30 80 units $ 15 Aldvilles Beginning inventory Sales Purchase Sales Purchase Tetals $ 458 180 TIS 1988 units 819 $ 1,950 188 units Exercise 5-6A (Statlc) Perlodic: Inventory costing LO P3 The Company uses a periodic Inventory system. For specific identification, Inventory consists of 180 units from the January purchase, 5 units from the January 20 purchase, and 15 units from beginning Inventory. Determine the cost assigned to ending Inventory and to cost of goods sold using (a) specific Identification. (b) welghted average, (FIFO, and (CALIFO. Complete this question by entering your answers in the tabs below. Specified FIFO LITO Average Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. c) Periodic FIFO Cost of Goods Available for Sale Cost of Goods Sold Cost Cost of Goods # of units # of units Cost per Available for Cost of per unit sold unit Sale Goods Sold 140 8.00 S 840 Ending Inventory #of units Cost in ending Ending Inventory per unit Inventory + Beginning inventory Purchases: January 20 January 30 Total 80 5.00 300 180 4.50 810 380 $ 1950 $ 0 S 0