(The following information applies to the questions displayed below/ Laker Company reported the following January purchases and sales data for its only product Units sold at Retall 110 units $15.80 185 units $15.80 Date Activities Units Acquired at Cost Jan. |1 Beginning inventory 190 units @$ 780 $ 1482 Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase 260 units$6.80 1,768 754 $4,004 130 units @ $5.80 = 580 unts Totals 580 units 295 units Required: The company uses a perpetual Inventory system. For specific Identfication, ending inventory consists of 285 units, where 130 are from the January 30 purchase, 80 are from the January 20 purchase, and 75 are from beginning inventory