Laker Company reported the following January purchases and sales data for its only product. For specific identification, ending inventory consists of 238 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 53 are from beginning inventory. Date Activities Units Acquired at Cost Units sold at Retail January 1 Beginning inventory 159 units @ $ 6.00 = $ 954 January 10 Sales 81 units @ $ 15.00 January 20 Purchase 79 units @ $ 5.00 = 395 January