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90.48/10 The following information applies to the questions displayed below) Company reported the following January purchases and sales data for its only product an. 25
90.48/10 The following information applies to the questions displayed below) Company reported the following January purchases and sales data for its only product an. 25 Sales an. 3e Purchase 460 unite s3.o2,ss 18% unte e s33.00 ded 190 units $23.ee 330 units @ S12.50. 785 units 4,125 $9,215355 units Totals fic identification, ending inventory consists of 350 units, where 330 are from the January 30 purchase. 5 are from the January 20 purchase, and 15 are from beginning Exercise 6-4 Perpetual: Income effects of inventory methods LO A1 Required 1. Complete comparative income statements for the month of January for Laker Company for the four inventory methods. Assume are S2,000, and that the applicable income tax rate is 40%. (Round your Intermediate calculations to 2 decimal places.) Income Statements Weighted 8,740 S 8,740 8.740 87403 4.058 3,925 80 106 3.445 (3,339) (75.075)
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