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 Units Acquired at Cost 210 units@ $13.50 = $2,835 160 units @ $ 22.50 Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase 150 units@ $12.50 1,875 180 units @ $22.50 320 units@ $12.00 = 680 units 3,840 $ 8,550 Totals 340 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 340 units, where 320 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory. Weighted Average - Perpetual: Goods Purchased Cost of Goods Sold Inventory Balance Cost per Date # of units # of units sold Cost per Cost of Goods unit Sold # of units Cost per unit Inventory Balance unit January 1 210 @ $ 13.50 = $ 2,835.00 January 10 January 20 Average cost January 25 January 30 Totals