Chapter 6 Homework 6 Saved Help 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 10 points DateActivities Jan. 1 Beginning inventory 170 units $9.50- $1,615 Units Acquired at Cost Units sold at Retail eBook Jan. 10 Sales Jan. 20 Purehase Jan. 25 Sales Jan. 30 Purchase 130 units $18.50 120 unita@ S8.50. 1,020 130 units $18.50 260 units @ S8.00._au0e 550 units Hint Totals 4,715 260 units Print Required: The Company uses a periodic inventory system. For specific identification, ending inventory consists of 290 units, where 260 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning inventory. Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, ( weighted average, (c) FIFO, and (d) LIFO. References