[The following information applies to the questions displayed below.] Laker Company reported the following January purchases...

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[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 300 units from the January 30 purchase, 5 units from the January 20 purchase, and 25 units from beginning inventory. Date January 1 January 10 January 20 January 25 January 301 Sales Purchase Sales Purchase Totals Activities Beginning inventory Units Acquired at Cost 200 units $ 12.50- Units sold at Retail $ 2,500 160 units $21.50 130 units $11.50- 1,495 140 units $21.50 300 units 630 units $11.00- 3,300 $ 7,295 300 units 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 weighted average. 3. Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. 4. Determine the cost assigned to ending inventory and to cost of goods sold using LIFO [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 300 units from the January 30 purchase, 5 units from the January 20 purchase, and 25 units from beginning inventory. Date January 1 January 10 January 20 January 25 January 301 Sales Purchase Sales Purchase Totals Activities Beginning inventory Units Acquired at Cost 200 units $ 12.50- Units sold at Retail $ 2,500 160 units $21.50 130 units $11.50- 1,495 140 units $21.50 300 units 630 units $11.00- 3,300 $ 7,295 300 units 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 weighted average. 3. Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. 4. Determine the cost assigned to ending inventory and to cost of goods sold using LIFO