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[The following information applies to the questions displayed below.] 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 260 units from the January 30 purchase, 5 units from the January 20 purchase, and 25 units from beginning inventory.

Date	Activities	Units Acquired at Cost						Units sold at Retail
January 1	Beginning inventory	170	units	@	$ 9.50	=	$ 1,615
January 10	Sales							130	units	@	$ 18.50
January 20	Purchase	120	units	@	$ 8.50	=	1,020
January 25	Sales							130	units	@	$ 18.50
January 30	Purchase	260	units	@	$ 8.00	=	2,080
	Totals	550	units				$ 4,715	260	units

rev: 10_06_2020_QC_CS-232448

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.