Use the following information for the Exercises $3-7$ below. $($Algo$)$

$[$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 $380$ units from the January $30$ purchase, $5$ units from the January $20$ purchase, and $25$ units from beginning inventory.

$\backslash$table$[[$Date$,$Activities,Units,ACQ,uir,red at $C,$Cost,,Units sold,at$,$Retail$],[$January $1,$Beginning inventory,$240$ units,a$,$$$,16\mathrm{.}50=,,3,960,,,],[$January $10,$Sales,,,,,,,$190$ units,@$,$$$25\mathrm{.}50$