The following information applies to the questions displayed below Laker Company reported the following January purchases and sales data for its only product. Date Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Units Acquired at Cost Units sold at Retail 100 units15 80 units 15 180 units Activities 140 units @ $6.00= $840 60 units $5.00300 180 units @ $4.50= 810 380 units $1,950 The company uses a periodic inventory system. For specific identification, ending inventory consists of 200 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory