1. Compute gross profit for the month of January for Laker Company for the four inver 2. Which method yields the highest gross profit? 3. Does gross profit using weighted average fall between that using FIFO and LIFO? 4. If costs were rising instead of falling, which method would yield the highest gross p Complete this question by entering your answers in the tabs below. Req 1 Req 2 to 4 Compute gross profit for the month of January for Laker Company for the four inventory decimal places and final answers to the nearest whole dollars.) LAKER COMPANY For Month Ended January 31 Specific Identification FIFO LIFO Weighted Average Sales Cost of goods sold Gross profit + $ 0 $ 0 $ 0 $ 0 Req 2 to 4 > search 8 21 7 E R T Y D F G H Prt Scr 8 nes 0 1. Compute gross profit for the month of January for Laker Company for the four inventory methods 2. Which method yields the highest gross profit? 3. Does gross profit using weighted average fall between that using FIFO and LIFO? 4. If costs were rising instead of falling, which method would yield the highest gross prote? Complete this question by entering your answers in the tabs below. Req Req 2 to 2. Which method yields the highest gross profit? 3. Does gross profit using weighted average fall between that using FIFO and LIFO 4. If costs were rising instead of falling, which method would yield the highest gross profit? 2. Which method yields the highest gross prof FIFO gross profit? 3. Does gross profit using weighted average tall behean that using FIFO and LIFO? 4. It costs were ring instead of taling, which method would yield the h th DIF 9 22 A 8 29F D F G H K V BN M