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 perpetual Inventory system. For specific Identification, ending Inventory consists of 290 units from the January 30 purchase, 5 units from the January 20 purchase, and 20 units from beginning Inventory. Units acquired at Cost 195 units @ $ 12.00 = Units sold at Retail $ 2,340 155 units @ $ 21.00 Date January 1 January 10 January 20 January 25 January 30 Activities Beginning inventory Sales Purchase Sales Purchase 120 units 1,320 135 unita C $ 21.00 $10.50 = 290 units @ 605 units 3,045 $ 6,705 Totals 290 units The Company uses a periodic Inventory system. For specific Identification, ending Inventory consists of 290 units from the January 30 purchase, 5 units from the January 20 purchase, and 20 units from beginning Inventory. Determine the cost assigned to ending Inventory and to cost of goods sold using (a) specific Identification, (b) weighted average. (FIFO, and (a) LIFO. 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 290 units from the January 30 purchase, 5 units from the January 20 purchase, and 20 units from beginning inventory. a) Specific Identification Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of Goods Cost per # of units unit Available for Sale # of units sold Cost per unit Cost of Goods Sold # of units in ending inventory Cost per unit Ending Inventory Beginning inventory Purchases: January 20 January 30 Total 0 S 0 0 $ 0 0 S 0 Specific Id Weighted Average >