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 222 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 37 are from beginning inventory. Date Activities January 1 Beginning inventory January 10 Sales January 20 Purchase January 25 Sales January 30 Purchase Totals Assume the perpetual inventory system is used. 151 units Units Acquired at Cost @ $ 6.00 Units sold at Retail = $ 906 89 units @ 71 units @ $ 5.00 = 355 91 units @ $ 15.00 $ 15.00 180 units @ 402 units $ 4.50 810 $ 2,071 180 units