Required information Use the following information for the Exercises below. (Algo) Skip to question [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 234 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 49 are from beginning inventory. Date Activities Units Acquired at Cost Units sold at Retail January 1 Beginning inventory 157 units @ $ 6.00 = $ 942 January 10 Sales 83 units @ $ 15.00 January 20 Purchase 77 units @ $ 5.00 = 385 January 25 Sales 97 units @ $ 15.00 January 30 Purchase 180 units @ $ 4.50 = 81