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

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Accounting

Required information 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 180 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. Date Activities Units Acquired at Cost Units sold at Retail January 1 Beginning inventory 140 units @ $ 6.00 = $ 840 January 10 Sales 100 units @ $ 15 January 20 Purchase 60 units @ $ 5.00 = 300 January 25 Sales 80 units @ $ 15 January 30 Purchase 180 units @ $ 4.50 = 810 Totals 380 units $ 1,950 180 units Assume the perpetual in

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