Required information Use the following information for the Exercises 3-7 below. (Algo) [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 270 units from the January 30 purchase. 5 units from the January 20 purchase, and 15 units from beginning inventory Date January 1 January 10 Activities Beginning inventory 10 units R Units Acquired at Cost $10.50- Units sold at Retail $1,890 Sales 140 units $19.50 January 20 January 25 Purchase Sales 110 units @ $9.50- 1,045 130 units $ 19.50 January 30 Purchase Totals 270 units e 560 units $9.00 = 2,430 $5,365 270 units Exercise 6-3 (Algo) Perpetual: Inventory costing methods LO P1 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 weinbled