! 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 periodic inventory system. For specific identification, ending inventory consists of 330 units, where 300 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning inventory. Date Activities Units Acquired at Cost Units sold at Retail Jan. 1 Beginning inventory 200 units @ $12.50 = $2,500 Jan. 10 Sales 160 units @ $21.50 Jan. 20 Purchase 130 units @ $11.50 = 1,495 Jan. 25 Sales 140 units @ $21.50 Jan. 30 Purchase 300 units @ $11.00 = 3,300 Totals 630 units $ 7,295 300 units Required: Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (c) FIFO, and (d) LIFO. Complete this questions by entering your answers in the below tabs. Specific Id Weighted Average FIFO LIFO Complete this questions by entering your answers in the below tabs. Specific Id Weighted Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using specific identification. For specific identification, ending invento 330 units, where 300 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning inventory. a) Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost per # of units Cost of Goods Cost per Available for unit Sale # of units sold Cost of Goods Sold # of units in ending inventory Cost Ending per unit Inventory unit Beginning inventory Purchases: Jan. 20 Jan. 30 Total 0 $ 0 0 $ 0 0 $ 0 Specific Id Weighted Average > Complete this questions by entering your answers in the below tabs. Specific Id Weighted Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decimal places.) b) Average Cost Cost of Goods Available for Sale Average # of units Cost per unit Cost of Goods Available for Sale Cost of Goods Sold # of units Average Cost of sold Goods Sold Unit Ending Inventory # of units Average in ending Ending Inventory inventory unit Cost per Cost per Beginning inventory Purchases: Jan. 20 Jan. 30 Total 0 $ 0 $ 0 $ $ 0