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 140 units 60 units 180 units 380 units Units Acquired at Cost $6.00- $5.00 = $4.50= Units sold at Retail $ 840 100 units @ $15 300 80 units $15 810 $1,950 180 units 1. Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification