Wk 2 - Apply. Connect Homework (due Day 71 Baved Help 7 125 pot 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 Date Activities Units Acquired at Cost units sold at Retail Jan. 1 Beginning inventory 165 units $9.00 $1,485 Jan. 10 Sales 125 units @ $18.00 Jan. 20 Purchase 110 units@ $8.00 = Jan. 25 Sales 125 units @ $18.00 Jan. 30 Purchase 230 units $7.50 1.725 Totals 505 units $4,090 250 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 255 units, where 230 are from the January 30 purchase. 5 are from the January 20 purchase, and 20 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