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. For specific identification, ending inventory consists of 224 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 39 are from beginning inventory. Date January 1 January 10 January 20 Activities Beginning inventory Units Acquired at Cost 152 units @ $ 6.00 = Units sold at Retail $ 912 Sales 88 units @ $ 15.00 Purchase 72 units @ $ 5.00 360 January 25 Sales January 30 92 units @ $ 15.00 Purchase Totals 180 units @ $ 4.50 = 404 units 810 $ 2,082 180 units Required: Assume the periodic inventory system is used. Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (c) FIFO, and (d) 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. c) Periodic FIFO Cost of Goods Available for Sale Cost of Goods Sold # of units Cost per unit Cost of Goods Available for Sale # of units sold Cost per unit Cost of Goods Sold Beginning inventory 153 6.00 $ 918 0 # of units in ending inventory Ending Inventory Cost per unit Ending Inventory Purchases: January 20 72 5.00 360 January 30 180 4.50 810 Total 405 $ 2,088 0 $ 0 0 0