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 400 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. Date January 1 Activities Beginning inventory January 10 Sales January 20 January 25 January 30 Purchase Sales Purchase Totals Units Acquired at Cost 230 units @$15.50- 190 units $14.50- 400 units # 820 units Units sold at Retail $ 3,565 180 units $24.50 2,755 220 units $24.50 $14.00- 5,600 $ 11,920 400 units The Company uses a periodic inventory system. For specific identification, ending inventory consists of 400 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (c) FIFO, and (c) 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 specific identification. For specific identification, ending inventory consists of January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. a) Specific identification Cost of Goods Available for Sale Cost of Goods Sold # of units Cost per unit Cost of Goods Available for of units sold Cost per unit Cost of Goods Sold Sale of units in ending inventory Ending Inventory Cost per unit Ending Inventory