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 385 units from the January 30 purchase, 5 units from the January 20 purchase, and 25 units from beginning inventory. Date Activities January 1 January 10 Beginning inventory January 20 January 25 January 30 Sales Purchase Sales Units Acquired at Cost 235 units @ $ 16.00 = 180 units @ Units sold at Retail $ 3,760 185 units $ 25.00 $ 15.00 = 2,700 200 units $ 25.00 Purchase Totals 385 units @ 800 units $ 13.00 = 5,005 $ 11,465 385 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. Ending Inventory- Cost 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 January 1 January 20 Beginning inventory Purchase 235 180 January 30 Purchase 385 800 < Specific Id Weighted Average >