! 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. The Company uses a periodic inventory system. For specific identification, ending inventory consists of 232 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 47 are from beginning inventory. Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals Units Acquired at Cost 156 units @ $6.00 = $ 936 Units sold at Retail 84 units @ $15.00 76 units @ $5.00 = 380 96 units @ $15.00 180 units @ $4.50 412 units = 810 $2,126 180 units