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. Date Jan. 1 Beginning inventory Jan. 10 Sales Activities Units Acquired at Cost 145 units@ $7.00 = $1,015 Units sold at Retail 105 units @ $16.00 70 units@ $6.00 = 420 85 units @ $16.00 190 units@ $5.50 = 1,045 405 units $2,480 190 units: Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 215 units, where 190 are from the January 30 purchase, 5 are from the January 20 purchase, and 20 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. 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. Required 1 Required 2 Required 3 Required 4 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. (Round cost 2 decimal places.) Specific Identification ant Available for Sale Cost of Goods Sold Purchase Date Activity Units Unit Cost Units Sold Unit Cost COGS Ending Inventory Units Ending Inventory Cost Per Unit Ending Inventory- Cost ences Jan. 1 Beginning inventory 145 $7.00 Jan. 20 Purchase 70 $ 6.00 70 $ 0.00 $ 420 Jan. 30 Purchase 190 $ 5.50 405 70 $ 420 0 $ Required 2 >