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 200 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning Inventory. Date Activities Units Acquired at Cost Units sold at Retail Jan. 1 Beginning inventory 140 units@ $6.00 = $ 840 Jan. 18 Sales 100 units 515 Jan. 20 Purchase 60 units@ $5.00 - Jan. 25 Sales 80 units @ $15 Jan. 3e Purchase 180 units $4.se - 810 380 units $1,950 188 units 3ee Totals Journal entry worksheet Record the sale of goods. Note: Enter debits before credits. General Journal Date Jan 10 Debit Credit Record entry Clear entry View general journal Journal entry worksheet Record the purchase of inventory. Note: Enter debits before credits. Date Jan 20 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet > 5 3 6