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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

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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 340 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory.
\table[[Date,Activities,Units,Acquir,red at c,Cost,,Units 50,da,t Retail],[January 1,Beginning inventory,210 units,@,13.50=,=,$2,835,,,],[January 18,Sales,,,,,,160 units,(a),$22.50
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