! 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 400 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. Date January 1 January 10 January 20 January 25 January 30 Activities Beginning inventory Units Acquired at Cost 230 units @ $ 15.50 = Units sold at Retail $ 3,565 Sales Purchase Sales Purchase Totals 180 units @ $ 24.50 190 units @ $ 14.50 = 2,755 220 units @ $ 24.50 400 units @ $ 14.00 = 820 units 5,600 $ 11,920 400 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.