PROBLEMS - CHAPTER 5 6 Some da Sovey HelpS 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. Units Required at Coat 220 units $14.50 - $3,190 Units sold at Retail Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals 170 units @ $23.50 170 unitse $13.50 - 2.295 200 units @ $23.50 $13.00 - 4.420 340 units 730 units 370 units The Company uses a perpetual Inventory system. For specific identification, ending inventory consists of 360 units, where 340 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning Inventory 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4