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. Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals Units Acquired at Cost 170 units 59.50 $1,615 120 units $8.50 -1.020 Units sold at Retail 130 units $18.50 130 units $18.50 240 units $8.00- 1,920 530 units $4,555 260 unite The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 270 units, where 240 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning inventory. 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. Required 1 Required 2 Required 3 Required 4 Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. (Round cost per unit to 2 decimal places.) Specific Identification Available for Sale Cost of Goods Sold Ending Inventory Purchase Date Activity Units Unit Cost Units Sold Unit Cost COGS Ending Inventory- Cost Per Ending Unit Inventory- Units Cost Jan. 1 Beginning inventory 170 $ 9.50) Jan. 20 Purchase Jan. 30 Purchase 120 $ 8.50 240 $ 8.00 145 $ 9.50 $ 8.50 $ 115 $ 1,378 25 $ 9.50 $ 238 978 5 $ 8.50 $ 43 530 0 260 240 $ 8.00 $ 1,920 $ 2,356 270 $ 2.201 Beauired d Required 2