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 200 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning Inventory. Date Activities January 1 Beginning inventory January 10 Sales January 20 Purchase January 25 Sales January 30 Purchase Totals Units Acquired at Cost 140 units @ $ 6.00 = Units sold at Retail $ 840 100 units $ 15 60 units @ $ 5.00 = 300 80 units $ 15 180 units 380 units $ 4.50 = 810 $ 1,950 180 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 Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. Specific Identification Available for Sale Cost of Goods Sold Purchase Date Activity # of units Cost Per Unit # of units sold Cost Per Unit COGS Ending Inventory- Units Ending Inventory Cost Per Unit Ending Inventory- Cost January 11 Beginning inventory 140 January 20 Purchase 60 January 30 Purchase 180 380 Specific Id Weighted Average