Laker Company reported the following January purchases and sales data for its only product. For specific identification, ending inventory consists of 270 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. Date Activities Units Acquired at Cost Units sold at Retail January 1 Beginning inventory 180 units @ $ 10.50 = $ 1,890 January 10 Sales 140 units @ $ 19.50 January 20 Purchase 110 units @ $ 9.50 = 1,045 January 25 Sales 130 units @ $ 19.50 January 30 Purchase 270 units @ $ 9.00 = 2,430 Totals 560 units $ 5,365 270 units Assume the perpetual inventory system is used. Required: Compute gross profit for the month of January for Laker Com