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. Date Activities Units Acquired at Cost Units sold at Retail Jan. 1 Beginning inventory 165 units @ $9.00= $1,485 Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase 125 unitse $18.00 110 units @ $8.00= 880 125 unitse $18.00 250 units @ $7.50= 1,875 525 units Totals $4,240 250 units Exercise 5-5A Periodic: Inventory costing LO P3 Required The Company uses a periodic inventory system. For specific identification, ending inventory consists of 275 units, where 250 are from the January 30 purchase, 5 are from the January 20 purchase, and 20 are from beginning inventory. Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (c) FIFO, and (c) LIFO Complete this questions by entering your answers in the below tabs Weighted Average Specific Id FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using specific identification. For specific identification, er 275 units, where 250 are from the January 30 purchase, 5 are from the January 20 purchase, and 20 are from beginning inventory a) Specific IdentificationCost of Goods Available for Sale Cost of Goods Sold Ending Inventory # of units | Cost Cost of Goods Cost perAvailable for sold Cost of . 1 in ending | Ending per unit Inventory # of units Cost per # of units per unit unit Goods Sold Sale inventory Beginning inventory Purchases: This is a numeric cell, so please enter numbers only Jan. 20 Jan. 30 Total Specific Id Weighted Average