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 285 units, where 270 are from the January 30 purchase, 5 are from the January 20 purchase, and 10 are from beginning inventory. Date Activities Units Acquired at Cost Units sold at Retail Jan. 1 Beginning inventory185 units @ $11.00 - $2,035 Jan. 10 Sales 145 units@ $20.00 Jan. 20 Purchase 100 units @ $10.00 1,000 Jan. 25 Sales 125 units @ $20.00 Jan. 3e Purchase 278 units@ $ 9.50 = 2,565 Totals 555 units $5,600 270 units Required: Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average. ( FIFO, and (c) LIFO