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! Required information Use the following information for the Exercises below. ( Algo ) [ The following information applies to the questions displayed below. ]

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Use the following information for the Exercises 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. The Company uses a periodic inventory system. For specific identification, ending inventory consists of 218 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 33 are from beginning inventory.
\table[[Date,Activities,,its Acqu,ired at,Cost,Units,sold a,t Retail],[Jan.1,Beginning inventory,149,units @,$6.00=,894,,,],[Jan.10,Sales,,,,,91,units@,$15.00
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