0 Saved 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 250 units from the January 30 purchase, 5 units from the January 20 purchase, and 20 units from beginning inventory. Date January 1 Activities Beginning inventory 165 units Units Acquired at Cost $ 9.00- Units sold at Retail $1.485 January 101 Sales January 201 January 25 Purchase 110 units $ 8.00- 880 Sales 125 units 125 units 9 $ 18.00 $ 18.00 January 30 Purchase Totals 250 units $7.50- 525 units 1,875 $ 4.240 250 units