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! . Required information [ The following information applies to the questions displayed below. ] Laker Company reported the following January purchases and sales data

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Required information
[The following information applies to the questions displayed below.]
Laker Company reported the following January purchases and sales data for its only product. For specific identification, ending inventory consists of 180 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory.
\table[[Date,Activities,Units,Acqu,re,d at,Cost,,Units sold at,Retail],[January 1,Beginning inventory,140 units,@,$,6.00,=,$840,,],[January 10,Sales,,,,,,,100 units,@ $ 15],[January 20,Purchase,60 units,@,$,5.00,=,300,,],[January 25,Sales,,,,,,,80 units,a $15
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