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 290 units from the January 30 purchase, 5 units from the January 20 purchase, and 20 units from beginning inventory Date Activities Units Acquired at Cost January 1 Beginning inventory Units sold at Retail 195 units @ $ 12.00 = $ 2,340 January 10 Sales January 20 155 units @ $ 21.00 Purchase 120 units @ $ 11.00 = 1,320 January 25 @ $ 21.ee January 30 Purchase 290 units@ $10.50 3,045 Totals $ 6,705 290 units Sales 135 units 605 units Required: 1. Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific Identification, 2. Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. 3. Determine the cost assigned to ending Inventory and to cost of goods sold using FIFO. 4. Determine the cost assigned to ending Inventory and to cost of goods sold using LIFO. Specific Id Weighted Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. Date Goods Purchased Cost per # of units unit Perpetual FIFO: Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Inventory Balance Cost per # of units unit Inventory Balance 195 at $12.00 $ 2,340.00 January 1 January 10 January 20 Total January 20 January 25 Total January 25 January 30 Totals Weighted Average LIFO >