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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 8 5 units

Laker Company reported the following January purchases and sales data for its only product. For specific identification, ending inventory consists of 385 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 225 units @ $ 15.00= $ 3,375
January 10 Sales 175 units @ $ 24.00
January 20 Purchase 180 units @ $ 14.00=2,520
January 25 Sales 210 units @ $ 24.00
January 30 Purchase 385 units @ $ 12.00=4,620
Totals 790 units $ 10,515385 units

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