Requlred information The following information applies to the questions displayed below] following January purchases and sales data for its only product Laker Company reported the Units sold at Activities Units Acquired at Cost Retail Date Beginning Jan. 1 inventory 225 units@$15.00- $3 ,375 175 units@ $24.00 Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase 180 units@$14.00 2,520 175 units@ $24.00 350 units@$13.50 4,725 755 units Totals $10,620 350 units Required: The Company uses a periodic inventory system. For specific identification, ending inventory consists of 405 units, where 350 are from the January 30 purchase, 5 are from the January 20 purchase, and 50 are from beginning inventory. Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (bweighted average, (d FIFO, and (d LIFO Complete this question by entering your answers in the tabs below. 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, ending inventor 405 units, where 350 are from the January 30 purchase, 5 are from the January 20 purchase, and 50 are from beginning inventory. a) Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory of units Cost per Cost of Goodse of units # of units in ending inventory Cost per unit Cost of Goods Sold Available for Sale Cost per unit Ending Inventory unit sold Beginning inventory Purchases Jan 20 Jan 30 Total o C Weighted Average