! Required information [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 290 units from the January 30 purchase, 5 units from the January 20 purchase, and 20 units from beginning inventory. Units sold at Retail Units Acquired at Cost 195 units @ $ 12.00 = $ 2,340 155 units @ $ 21.00 Date January 1 January 10 January 20 January 25 January 30 Activities Beginning inventory Sales Purchase Sales Purchase Totals 120 units @ $ 11.00 = 1,320 135 units @ $ 21.00 @ $ 10.50 = 290 units 605 units 3,645 $ 6,705 290 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. Complete this question by entering your answers in the tabs below. Specific Id Weighted Average FIFO LIFO Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. Specific Identification Cost of Goods Sold Available for Sale Purchase Date Activity Cost Per Unit # of units # of units sold Ending Inventory Cost Per Unit Ending Inventory-Cost Cost Per Unit Ending Inventory Units COGS January 1 January 20 January 30 Beginning inventory Purchase Purchase 40 $ 1550 $ 12.00 $ 11.00 480 1,705 195 $ 12.00 120 $ 11.00 290 $ $ 10.50 605 0 195 $ 2,185 0 $ $ 0