Required information Use the following information for the Exercises below. The following information applies to the questions displayed below] Laker Company reported the following January purchases and sales data for its only product Units Acquired at Cost 155 units @ $8.00 - $1,240 Units sold at Retail Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals 90 units @ $7.00 630 115 units@ $17.00 95 units @ $17.00 $6.50 210 units 455 units 1.365 $3,235 210 units Exercise 5-3 Periodic: Inventory costing methods LO P1 Required: The Company uses a periodic inventory system. For specific identification, ending inventory consists of 245 units, where 210 are from the January 30 purchase. 5 are from the January 20 purchase, and 30 are 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 (0) LIFO. Required: The Company uses a periodic inventory system. For specific identification, ending inventory consists of 245 units, where 210 are from the January 30 purchase, 5 are from the January 20 purchase, and 30 are 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 (c) LIFO. Complete this question by entering your answers in the tabs below. Specific Id Weighted Average FIFO Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. d) LIFO Cost of Goods Available for Sale Cost of Goods of units cost per Available for unit Sale Cost of Goods Sold of units Cost per Cost of Ending Inventory of units in ending Cost Ending per unit Inventory sold Goods Sold Inventory Beginning inventory Purchases Jan 20 Jan 30 Total Complete this question by entering your answers in the tabs below. Specific Id Weighted Average Determine the cost assigned to ending inventory and to cost of goods sold using specific identification. For specific identification, ending inventory consists o 245 units, where 210 are from the January 30 purchase, 5 are from the January 20 purchase, and 30 are from beginning inventory. a) Specific identification Cost of Goods Sold Cost of Goods Available for Sale Cost of Goods of units Cost per unit of units table for Ending Inventory of units Cost Ending in ending Inventory inventory Cost per unit Cost of Goods Sold Beginning inventory Purchases Jan 20 Jan 30 Total Weighted Average >