Ch 05 Graded Practice Highmiddleware 625 Saved Help Save & Exit Submi Required information. Use the following information for the Exercises below. 2 [The following information applies to the questions displayed below] Laker Company reported the following January purchases and sales data for its only product Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals Units Acquired at Cost 150 units @ $7.50 $1,125 Units sold at Retail 110 units @ $16.50 80 units @ $6.50- 200 units @ $6.00 - 1,200 430 units $2,845 520 90 units $16.50 200 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 230 units, where 200 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning inventory Exercise 5-4 Perpetual: Income effects of inventory methods LO A1 < Prev 3 of 5 Check my work Activate Windows Go to Settings to activate Win Next >