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Use the following information for the Exercises $3-7$ below. $($Algo$)$

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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.

Date Activities Units Acquired at Cost Units sold at Retail

January $1$ Beginning inventory $210$ units @ $ $13\mathrm{.}50=$ $ $2,835$

January $10$ Sales $160$ units @ $ $22\mathrm{.}50$

January $20$ Purchase $150$ units @ $ $12\mathrm{.}50=1,875$

January $25$ Sales $180$ units @ $ $22\mathrm{.}50$

January $30$ Purchase $340$ units @ $ $12\mathrm{.}00=4,080$

Totals $700$ units $ $8,790340$ units