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 180 units from the January 30 purchase, 5 units from the Specific Identification Data January 20 purchase, and 15 units from beginning inventory. 5 15 180 Date Activities Units Acquired at Cost Units sold at Retail 1-Jan 10-Jan Beginning inventory Sales 140 units @ $6.00 $840 100 units @ $15 20-Jan Purchase 60 units @ $5.00 = 300 25-Jan Sales 80 units $15 30-Jan Purchase 180 units @ $4.50 810 Totals 380 units $1,950 180 units