ces Required information Use the following information for the Exercises 3-7 below. (Algo) [The following information applies to the questions displayed below.] Laker Company reported the following January purchases and sales data for its only product. For specific identification, ending inventory consists of 300 units from the January 30 purchase, 5 units from the January 20 purchase, and 25 units from beginning inventory. Date January 1 January 10 January 20 January 25 January 30 Activities Beginning inventory Sales Purchase Sales Purchase Totals Units Acquired at Cost 200 units @ $12.50 130 units @ $ 11.50 = 300 units @ $ 11.00 = 630 units = $ 2,500 1,495 3,300 $ 7,295 Units sold at Retail 160 units 140 units 300 units @ e $ 21.50 $ 21.50

Use the following information for the Exercises 3-7 below. (Algo) [The following information applies to the questions displayed below.] Laker Company reported the following January purchases and sales data for its only product. For specific identification, ending inventory consists of 300 units from the January 30 purchase, 5 units from the January 20 purchase, and 25 units from beginning inventory. natamina the rnat assianed to ending inventory and to cost of goods sold using LIFO