Use the following information for the Exercises 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.

erclse $6-5($Algo$)$ Perpetual: Gross profit effects of Inventory methods LO A$1$