Use the following information for the Exercises 3-7 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 210 units from the January 30 purchase, 5 units from the January 20 purchase, and 30 units from beginning inventory. Date Activities Units Acquired at Cost Units sold at Retail January 1 Beginning inventory 155 units @ $ 8.00 = $ 1,240 January 10 Sales 115 units @ $ 17.00 January 20 Purchase 90 units @ $ 7.00 = 630 January 25 Sales 95 units @ $ 17.00 January 30 Purchase 210 units @ $ 6.50 = 1,365 Totals 455 un