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Laker Company reported the following January purchases and sales data for its only product. For specific identification, ending inventory consists of 3 8 0 units

Laker Company reported the following January purchases and sales data for its only product. For specific identification, ending inventory consists of 380 units from the January 30 purchase, 5 units from the January 20 purchase, and 25 units from beginning inventory.
\table[[Date,Activities,Units,Acq,uired at C,,Units sol,,Retail],[January 1,Beginning inventory,240 units,a,$16.50=,$3,960,,,],[\table[[January,10],[January,20]],\table[[Sales],[Purchase]],170 units,a,$15.50=,2.635,190 units,@,$25.50
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