Required information [The following information applies to the questions displayed belowj Laker Company reported the following January purchases and sales data for its only product Activitie Jan. 1 Beginning Jan. 10 Sales Jan. 20 Purchase 3an. 25 Sales Jan. 30 Purchase 190 unitse $7.00 $1,330 110 units $6.00660 280 units@ $5.50. 1,548 150 units $16.00 130 units$16.00 Totals 580 units $3,530 280 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 300 units, where 280 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory Required: 1. Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification 2. Deter mine 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 L Fo. Prev 1 of 2 Next> Elf arch