etermine the cost assigned to ending inventory and to cost of goods sold using FIFO. Letermine the cost assigned to ending inventory and to cost of goods sold using LFO. The following information applies to the questions displaycd below Laker Company reponted the following January purchases and sales data for its only product. For specific identification. ending inventory consists of 385 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory sume the perpetual inventory system is used aquired; 1. Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identufication. 2. Determine the cost assigned to ending inventory and to cost of goods sold using weighted average