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 260 units from the January 30 purchase, 5 units from the January 20 purchase, and 25 units from beginning inventory. Date January 1 January 10 Activities Beginning inventory Sales January 20 Purchase January 25 Sales January 30 Purchase Totals Units Acquired at Cost 170 units Units sold at Retail $9.50- $ 1,615 130 units e $ 18.50 120 units @ $8.50 1,020 130 units $ 18.50 260 units e 550 units. $ 8.00- 2,080 $ 4,715. 260 units