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 perpetual inventory system. For specific identification, ending inventory consists of 180 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. Date January 1 January 10 January 20 Activities Beginning inventory Sales Units Acquired at Cost 140 units $ 6.00- Units sold at Retail $840 100 units January 25 January 30 Purchase Sales 60 units $5.00- 300 80 unit $15 Purchase 180 units 54.50- 10 Totals 380 unite $1,950 180 units 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. Specific Id Weighted Average LIFO Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. Specific Identification Available for Sale Purchase Date Activity units Cost Per Unit of units Cost of Goods Sold Cost Per Unit Ending Inventory sold Ending COGS Inventory- Units Cost Per Unit Ending Inventory Cost January 1 January 20 Beginning inventory 140 Purchase 60 January 30 Purchase 180 360 0 0 S < Weighted Average >