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 Jan. 1 Beginning inventory Jan. 12 Sales Jan. 2e Purchase Jan. 25 Sales Jan. 30 Purchase Totals Units Acquired at cost hits sold at Retail 165 units $9.00 $1,485 125 units $18.00 11e units $8.00 = 889 105 units $18.00 230 units $7.50 - 1,725 505 units $4, ese 230 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 275 units, where 220 are from the January 30 purchase, 5 are from the January 20 purchase, and 40 are from beginning inventory Determine the cost assigned to ending inventory and to cost of goods sold using a specific identification, to weighted average. (FIFO, and ( LIFO. Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Specific ld Weighted Average FIFO Determine the cost assigned to ending inventory and to cost of goods sold using speci f ication For specific identification, ending inventory consists of 275 units, where 230 are from the January 30 purchase, Sare from the wary 20 purchase, and 40 are from beginning inventory ch a Cola Goods Able for Sale Ending inventory Cost Cost of God Available for of units of units sold Cost per Cost cost per unit cost of Goods Sold Ending ni Sale inwentory Weighted Average >