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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 2 1 0 units,

Laker Company reported the following January purchases and sales data for its only product. For specific identification, ending inventory consists of 210 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning inventory.
Date Activities Units Acquired at Cost Units sold at Retail
January 1 Beginning inventory 145 units @ $ 6.00= $ 870
January 10 Sales 95 units @ $ 15.00
January 20 Purchase 65 units @ $ 5.00=325
January 25 Sales 85 units @ $ 15.00
January 30 Purchase 180 units @ $ 4.50=810
Totals 390 units $ 2,005180 units

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