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. Units sold at Retail Units Acquired at Cost 240 units @ $16.50 = $ 3,960 190 units @ $25.50 Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals 170 units @ $15.50 = 2,635 190 units @ $25.50 $15.00 = 380 units @ 790 units 5,700 $12,295 380 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 410 units, where 380 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 questions by entering your answers in the below tabs. 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. Specific Identification Available for Sale Ending Purchase Date Activity Units Unit Cost | Cost of Goods Sold Ending Inventory Ending Cost Per Units Unit Cost COGS Inventory Inventory- Sold Units - Unit Cost 215 $ 16.50 $ 3,548 2 5 $ 16.50 $ 413 165 $ 15.50 $ 2,558 5 $ 15.50 $ 78 Jan. 1 Jan. 20 Jan. 30 Beginning inventory Purchase Purchase 240 170 380 $ 16.50 $ 15.50 $ 15.00 790 380 $ 6,106 30 $ 491 Required 1 Required 2 >