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

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Accounting

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.
\table[[Date,Activities,Units,ACQ,uir,red at C,Cost,,Units sold,at,Retail],[January 1,Beginning inventory,240 units,a,$,16.50=,,3,960,,,],[January 10,Sales,,,,,,,190 units,@,$25.50
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