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 280 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning Inventory. Date January 1 January 10 Activities Beginning inventory Units Acquired at Cost 190 units $ 7.00 = Units sold at Retail $ 1,330 Sales 150 units $ 16.00 January 25 January 30 January 20 Purchase Sales Purchase Totals 110 units @ $ 6.00 = 660 130 units @ $ 16.00 280 units $ 5.50 = 580 units 1,540 $ 3,530 280 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 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 Ending Inventory Purchase Date Activity # of units Cost Per Unit # of units sold Cost Per Unit COGS Ending Inventory- Units Cost Per Unit Ending Inventory-Cost January 1 January 20 January 30 Beginning inventory Purchase 190 110 Purchase 280 580 < Specific Id Weighted Average >