WIL 3 Part 1 of 2 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 perpetual inventory system. For specific identification, ending inventory consists of 275 units from the January 30 purchase. 5 units from the January 20 purchase, and 25 units from beginning inventory Date Activities Units Acquired at Cost Units sold at Retail January 1 Beginning inventory 175 units $ 10.00 5 1.750 January 10 Sales 135 units e $ 19.00 January 20 Purchase 130 units. $ 9.00 1,170 January 25 Sales 140 units $ 19.00 January 30 Purchase 275 units $7.00 1.925 Totals 580 units $ 4.845 275 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