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 206 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 21 are from beginning inventory. Date Activities January 1 January 10 Beginning inventory Sales January 20 Purchase January 25 Sales January 30 Purchase Totals Units Acquired at Cost Units sold at Retail 143 units @ $ 6.00 $ 858 97 units @ $ 15.00 63 units @ $ 5.00 315 83 units $ 15.00 180 units $ 4.50 810 386 units $ 1,983 180 units 1. Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identificatio 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 Complete this question by entering your answers in the tabs below. Specific Id Weighted Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. Perpetual LIFO: Goods Purchased Cost of Goods Sold Date # of units Cost per unit # of units sold Cost per unit Cost of Goods Sold # of units Inventory Balance Cost per unit Inventory Balance 143 @ $ 6.00 = 858.00 January 1 January 10 January 20 January 25 January 30 Totals 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 206 units, where 180 are from the January 30 purchase. 5 are from the January 20 purchase, and 21 are from beginning inventory. Date January 1 Activities Beginning inventory January 10 Sales January 20 Purchase January 25 Sales January 36 Purchase Totals 143 units Units Acquired at Cost $ 6.00 Units sold at Retail $858 97 units $ 15.00 63 units $5.00 315 83 units $ 15.00 180 units 386 units 34.50 810 $1,983 180 units 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. Complete this question by entering your answers in the tabs below. Specific Id Weighted Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. Perpetual FIFO: Goods Purchased Cost of Goods Sold Inventory Balance Date # of units Cost per unit # of units sold Cost per unit Cost of Goods Sold Cost # of units per unit Inventory Balance 143 @ $ 6.00 = $ 858.00 January 1 January 10 January 20 January 25 January 30 Totals