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[ ine rollowing inrormation appiles to the questions aisplayea Delow. ] Laker Company reported the following January purchases and sales data for its only product.

[ine rollowing inrormation appiles to the questions aisplayea Delow.]
Laker Company reported the following January purchases and sales data for its only product. The Company uses a periodic inventory system. For specific identification, ending inventory consists of 200 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory.
\table[[Date,Activities,,its ACO,uired a,,,,\table[[its sold],[Retail]],at],[Jan.1,Beginning inventory,140,units @,$6.00=,$,840,,,],[Jan.10,Sales,,,,,,100,units@,$15
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