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 228 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 43 are from beginning inventory. Required: Date Activities January 1 Beginning inventory January 10 Sales January 20 Purchase January 25 Sales January 30 Purchase Totals 154 units Units Acquired at Cost $6.00- Units sold at Retail $924 86 units @ $ 15.00 74 units @ $5.00 - 370 94 units @ $ 15.00 180 units $ 4.50 810 408 units $2,104 180 units Required information Specific Id weignteo Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using specific identification. For specific identification, ending inven are from the January 30 purchase, 5 are from the January 20 purchase, and 43 are from beginning inventory. a) Specific Identification. Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory # of units Cost per unit Cost of Goods Available for Sale # of units in # of units sold Cost per unit Cost of Goods Sold ending Cost per unit Ending Inventor inventory Beginning inventory Purchases: January 20 January 30 Total Specific Id Weighted Average > ek Five Test 2 in Connect Required information 5 Specific Id weigntea Average FIFO LIFO Saved 1 of 3 Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. Note: Round cost per unit to 2 decimal places. 5) Weighted average - Periodic ook Beginning inventory Purchases January 201 January 30 Total Help Save & Exit Submit Cost of Goods Available for Sale # of units Average Cost per unit Cost of Goods Available for Sale # of units sold Cost of Goods Sold Average Cost per Unit Cost of Goods Sold # of units in ending inventory 0 $ < Specific Id FIFO > Ending Invent Average Cos per unit Week Five Test 2 in Connect Required information. Saved 5 Specific Id weignied Average LIFO Determine the cost assigned to ending inventory and to cost of goods sold using FIFO.. Part 1 of 31 Periodic FIFO Cost of Goods Available for Sale Help Save & Exit Submit #of units Cost per unit Cost of Goods Available for Sale I of units sold Cost of Goods Sold Cost per unit # of units in Cost of Goods Sold ending inventory Beginning inventory ellook Purchases January 201 January 30 Total 0 $ > Ending Inventory Cost per unit Endi Invent est 2 in Connect Required information Saved Specific Id weignce Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. Cost of Goods Available for Sale Help Save & Exit Submit 3) Periodic LIFO Cost of Goods Sold Ending Inventory # of units in # of units Cost per unit Cost of Goods Available for Sale # of units sold Cost per unit Cost of Goods Sold ending inventory Cost per unit Endi Invent Beginning inventory Purchases: January 20 January 30 Total 0 $