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! Required information Use the following information for the Exercises 3 - 7 below. ( Algo ) [ The following information applies to the questions

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Required information
Use the following information for the Exercises 3-7 below. (Algo)
[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 250 units from the January 30 purchase, 5 units from the January 20 purchase, and 20 units from beginning inventory.
The second to last picture is FIFO and the last picture is LIFO.
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