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 at CostUnits sold at Retai1 160 units$21.5e 140 units$21.5e Date Activities Units Acquired Jan. 1 Beginning inventory 200 units@ $12.58 -$2,580 Jan. 10 Sales Jan. 28 Purchase Jan. 25 Sales Jan. 30 Purchase 13e units@ $11.se 1,495 380 unitse $11.8e - 630 units 3,380 $7,295 300 unit:s Totals The Company uses a perpetual inventory system. For specific identification, ending inventory consists where 300 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning inventory