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 206 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 21 are from beginning inventory. Date Activities January 1 Beginning inventory January 10 Sales January 20 January 25 January 30 Purchase Sales Purchase Totals Units Acquired at Cost 143 units @ $ 6.00 Units sold at Retail = $ 858 97 units @ $ 15.00 63 units @ $ 5.00 315 83 units @ $ 15.00 180 units @ 386 units $ 4.50 = 810 $ 1,983 180 units Required: Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (c) FIFO, and (d) LIFO. Complete this question by entering your answers in the tabs below. Specific Id Weighted Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. c) Periodic FIFO Cost of Goods Available for Sale # of units Cost per unit Cost of Goods Available for Sale # of units sold Cost of Goods Sold Cost per unit Ending Inventory Cost of Goods Sold # of units in ending inventory Cost per unit Ending Inventory Beginning inventory 143 6.00 $ 858 143 $ 6.00 $ 858 Purchases: January 20 63 5.00 315 January 30 180 4.50 810 Total 386 $ 1,983 S 0 < Weighted Average LIFO > 143 $ 858