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 275 units from the January 30 purchase, 5 units from the January 20 purchase, and 25 units from beginning inventory.

following information for the Exercises 37 below. (Algo) lowing information applies to the questions displayed below.] Tompany reported the following January purchases and sales data for its only product. The Company uses ual inventory system. For specific identification, ending inventory consists of 275 units from the January 30 se, 5 units from the January 20 purchase, and 25 units from beginning inventory 53 (Algo) Perpetual: Inventory costing methods LO P1