$1.$ Compute gross profit for the month of January for Laker Company for the four inventory methods.

Laker Company -reported the follow1ngJanuary purchases and sales data for Its only product Foo ending Inventory conslsts ot180 units from the January 30 purchase, 5 uhlts from the _Janaiy Purctpse from beginning Inventorv LJn#s a! Actxv$tles Date Beginning inventory -lanuar 140 units anuaryA Sales 60 units anuary=20 Purchase "*January25 Sales Purchase zaanuaryZ 180% Units 380; un#s' Totals ..erpetuafinventory systems used. themontmofJanuary fod Laker Company for the four Inventory methods. yields the highest gross profit? usingwelghted averagefallbetween that -using FIFO and LIFO? Insteadoffalllngw whTcnmethOd Would Yield the highest gross profit? Complete this question by entering your answers in the tabs below. Req 2 to 4 Compute gross profit for the month of january for Laker Company for the four inventory methods. Notes. Round cost per unit to 2 decimal places and final answers to the nearest whole dollars LAKER COMPANY For Month Ended January 31 Specific Weighted FIFO LIFO Identification Average Sales Cost of goods s04d Gross profit Req 2t04 >