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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 3 4 0 units

Laker Company reported the following January purchases and sales data for its only product. For specific identification, ending inventory consists of 340 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 210 units @ $ 13.50= $ 2,835
January 10 Sales 160 units @ $ 22.50
January 20 Purchase 150 units @ $ 12.50=1,875
January 25 Sales 180 units @ $ 22.50
January 30 Purchase 340 units @ $ 12.00=4,080
Totals 700 units $ 8,790340 units

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