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[ The following information applies to the questions displayed below. ] Laker Company reported the following January purchases and sales data for its only product.

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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 290 units from the January 30 purchase, 5 units from the January 20 purchase, and 20 units from beginning inventory.
\table[[\table[[Date,],[January,1],[January,10],[January,20],[January,25],[January,30]],\table[[Activities],[Beginning inventory],[Sales]],Units Acquired at cost,Units sold at Retail],[195 units,@,$12.00=,$2,340,155,$21.00
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