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. Units sold at Date Activities Jan. 1 Beginning inventory 140 units $6.00 $ 840 Units Acquired at Cost Retail Jan. 10 Sales 100 unitse $15 Jan. 20 Purchase 60 units @ $5.00 - 380 Jan. 25 Sales 80 units $15 Jan. 30 Purchase 180 units $4.50 - 380 units $1,950 180 units 810 Totals Required: Determine the cost assigned to ending inventory and to cost of goods sold using ( specific identification, (b) weighted average, (a FIFO, and (LIFO Complete this question by entering your answers in the tabs below. 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 200 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory a) Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Goods Cost per of units of units Cost per of units Cost of Available for Cost unit Ending sold unit Sale In ending Goods Sold Inventory per unit Inventory Beginning inventory Purchases Jan 20 Jan 30 Total Weighted Average > Weighted Specific Id FIFO LIFO Average Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decimal places.) b) Weighted average - Periodic Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Average Cost of Goods # of units Average # of units Cost per Available for # of units Average Cost of Cost per sold Ending Cost unit Sale Inventory Unit Inventory per unit Beginning inventory Purchases: Jan. 20 Jan, 30 Total $ Goods Sold In ending 0 Weighted Specific id FIFO LIFO Average Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. c) Periodic FIFO Cost of Goods Available for Sale Cost of Goods Sold # of units Cost of Goods Cost per # of units Cost per Cost of unit Available for sold unit Goods Sold Sale Beginning inventory Purchases Jan. 20 Ending Inventory # of units Cost Ending In ending Inventory per unit Inventory Jan. 30 Total 0 $ 0 ( Weighted Average LIFO > Specific Id Weighted Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. d) Periodic LIFO Cost of Goods Available for Sale Cost of Goods Sold Cost of Goods # of units Cost per # of units Cost per Available for unit Cost of sold Sale unit Goods Sold Beginning inventory Purchases: Ending Inventory # of units Cost In ending Ending per Inventory runit Inventory Jan. 20 Jan. 30 Total 0 $ 0