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 10 units from beginning inventory. Date January 1 Activities Beginning inventory Units Acquired at Cost 185 units @$ 11.00 = $ 2,035 January 10 January 20 January 25 Sales Purchase Sales Units sold at Retail 145 units @ $ 20.00 100 units @ $ 10.00 = 1,000 125 units @ $ 20.00 January 30 Purchase Totals 270 units@ 555 units $ 9.50 = 2,565 $5,600 270 units