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! Required information [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 200 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory. Units sold at Date Activities Units Acquired at Cost Retail Jan. 1 Beginning 140 units@ $6.00= $ 840 inventory Jan. 10 Sales 100 units @ $15 Jan.20 Purchase 60 units@ $5.00= 300 Jan. 25 Sales 80 units@ $15 Jan. 30 Purchase 180 units@ $4.50= 810 Totals 380 units $1,950 180 units Required: Determine the cost assigned to ending inventory and FIFO, and (d) LIFO. cost of goods sold using (a) specific identification, (b) weighted average, (a Complete this question by entering your answers in the tabs below. Specific Id Weighted Average FIFO LIFO Weighted Specific Id FIFO LIFO Average Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decim places.) b) Weighted average - Periodic Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of # of Average Goods Cost units Available for Sale # of units sold Average Cost of # of units Average Cost Ending Goods in ending Cost Inventory Sold inventory per unit per unit per Unit Beginning inventory Purchases: Jan. 20 Jan. 30 Total 0 $ 0 Specific Id Weighted Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. c) Periodic FIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of Cost # of Goods units Available unit for Sale Cost per # of units sold Cost of # of units Cost Ending Goods in ending per Inventory Sold inventory unit per unit Beginning inventory Purchases: Jan. 20 Jan. 30 Total 0 $ 0 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 LIFO. d) Periodic LIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of Cost # of Goods per units Available unit for Sale Cost # of units sold Cost of # of units Cost Goods in ending per Sold inventory unit Ending Inventory per unit Beginning inventory Pu es: Jan. 20 Jan. 30 Total 0 $ 0