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 315 units, where 290 are from the January 30 purchase, 5 are from the January 20 purchase, and 20 are from beginning inventory Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals Units Acquired at Cost Units sold at Retail 195 units @ $12.00 = $2,340 155 units @ $21.00 120 units @ $11.00 = 1,320 135 units @ $21.00 290 units @ $10.50 = 3,045 605 units $6,705 290 units Required: Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average, o FIFO, and (d) 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 invent 315 units, where 290 are from the January 30 purchase, 5 are from the January 20 purchase, and 20 are from beginning inventory. Required: Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted a FIFO, and (c) 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, enc 315 units, where 290 are from the January 30 purchase, 5 are from the January 20 purchase, and 20 are from beginning inventory. a) Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Cost per # of units Cost of Goods Available for Sale # of units sold unit Cost per unit Ending Inventory # of units Cost Ending in ending inventory per unit Inventory Cost of Goods Sold Beginning inventory Purchases Jan 20 Jan. 30 Total Specific la Weighted Average > equired: etermine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (o FO, and (c) 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 weighted average. (Round cost per unit to 2 decimal places.) 5) Average Cost Cost of Goods Available for Sale Cost of Goods Sold Average Average # of units Cost per unit Cost of Goods Available for Sale # of units sold Ending Inventory # of units Average in ending Cost per Ending Inventory inventory Cost of Goods Sold Cost per Unit unit Beginning inventory Purchases Jan 20 Jan 30 Total 0 $ 0 Required: Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted avera FIFO, and (d) LIFO. Complete this questions by entering your answers in the below tabs. Specific Id Weighted Average FIFON LIFO Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. c) FIFO Cost of Goods Sold Cost of Goods Available for Sale Cost of Goods Cost per # of units Available for unit Sale # of units sold Cost per unit Cost of Goods Sold Ending Inventory # of units Cost Ending in ending per unit Inventory inventory Beginning inventory Purchases Jan 20 Jan 30 Total 0 $ 0 Required: Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average FIFO, and (c) 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 LIFO. d) LIFO Cost of Goods Available for Sale Cost of Goods Sold Cost of Goods Cost per # of units Available for unit Sale # of units sold Cost per unit Cost of Goods Sold Ending Inventory # of units Cost in ending Ending inventory per unit Inventory Beginning inventory Purchases Jan. 20 Jan. 30 Total 0 $ 0