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Required information [The following information applies to the questions displayed below] Laker...

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Accounting

Required information
[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 370 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory.
\table[[\table[[Date],[January 1],[January 10],[January 20],[January 25],[January 30]],\table[[Activities],[Beginning inventory]],Units Acquired at cost,Units sold at Retail],[220 units,@,$14.50=,$3,190,,,],[Sales,,,,,170 units,@,$23.50
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