[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 periodic inventory system. For specific identification, ending inventory consists of 204 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 19 are from beginning inventory. Date Activities January 1 Beginning inventory January 10 Sales January 20 Purchase January 25 Sales January 30 Purchase Totals Units Acquired at Cost 142 units @ $ 6.00 = Units sold at Retail $ 852 98 units @ $ 15.00 62 units @ $ 5.00 310 82 units @ $ 15.00 180 units $ 4.50 810 384 units $ 1,972 180 units Required: Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (c) FIFO, and (d) LIFO. Complete this question by entering your answers in the tabs below. Specific Id Weighted Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using specific identification. For specific identification, ending inventory consists of 204 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 19 are from beginning inventory. a) Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory # of units Cost per unit Cost of Goods Available for Sale # of units sold unit Sold Cost per Cost of Goods # of units in ending inventory Cost per unit Ending Inventory Beginning inventory 142 $ 6.00 $ 852 123 $ 6.00 $ 738 19 $ 6.00 $ 114 Purchases: January 20 January 30 62 $ 5.00 310 57 $ 5.00 285 Total 204 $ 1,162 180 $ 1,023 19 $ 114