! 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. Activities Date January 1 Beginning inventory Units Acquired at Cost 195 units @ $ 12.00 = Units sold at Retail $ 2,340 January 10 Sales 155 units $ 21.00 January 20 January 25 January 30 Purchase Sales Purchase 120 units @ $ 11.00 = 1,320 135 units $ 21.00 Totals 290 units 605 units $ 10.50 = 3,045 $ 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.