Wk 2 - Apply: Connect Homework [due Day ... i Saved Help Save & Exit Submit Required Information 2 [The following information applies to the questions displayed below.] Laker Company reported the following January purchases and sales data for its only product. Date 12.5 Activities Units Acquired at Cost Units sold at Retail Jan. 1 Beginning inventory 205 units@ $13.00 = $2,665 points Jan . 10 Sales 165 units @ $22.00 Jan . 20 Purchase 140 units@ $12.00 = 1, 680 Skipped Jan . 25 Sales 145 units @ $22.00 Jan. 30 Purchase 310 units@ $11 .50 - 3,565 Totals 655 units $7 , 910 310 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 345 units, where 310 are from the January 30 purchase, 5 are from the January 20 purchase, and 30 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