Laker Co reported the following January purchases and sales data for its only product Jan 1 Beg. Inventory 200@$7.00=$1,400 Jan 10 Sales 160@$18.00=$2,880 Jan 20 Purchase 150@$6.80=1,020 Jan 25 Sales 100@$18.00=1,800 Jan 30 Purchase 100@$6.00=600450units$3,020260units$4,680 Calculate the ending inventory as of Jan 31st using the FIFO method. Calculate the cost of goods sold for the month of January