Required information Use the following information for the Exercises below. The following information applies to the questions displayed below Laker Company reported the following January purchases and sales data for its only product Date Activities Units Acquired at Cost Units sold at Retail 170 units 3 $23.50 200 units $23.50 Jan. 1 Beginning inventory 220 units $14.503, 190 Jan. 10 Sales Jan. 20 Furchase Jan. 25 Sales Jan. 30 Purchase 170 units $13.502,295 340 units 13.004420 Totals 730 units $9,905 370 unics The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 360 units, where 340 are from the January 30 purchase. 5 are from the January 20 purchase, and 15 are from beginning inventory Exercise 5-3 Perpetual: Inventory costing methods LO P1