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Required information Use the following information for the Exercises below. The following information applies to the questions displayed below. Laker Company reported the following January purchases and sales data for its only product Units sold at Retail Date Activities Units Acquired at Cost Jan. 1 Beginning Jan.10 Sales Jan.20 Purchase Jan.25 Sales Jan.30 Purchase 140 units @ $6.00=$ 840 entory 100 units@ $15 60 units @ $5.00= 300 80 units@ $15 180 units @$4.50= 810 Totals 380 units $1,950 180 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 200 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory