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Check my work Required information The following information applies to the questions displayed below] Laker Company reported the following January purchases and sales data for
Check my work Required information The following information applies to the questions displayed below] Laker Company reported the following January purchases and sales data for its only product n sta hold at Retail Units Acquired at Co 240 unita@ 916.50 - $ 9,960 190 unit @ $25.50 Date Activities Jan Beginning inventory Tan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 90 Purchase Totais TOUS $15.50 - 2,639 190 U S25.50 15.00 9.700 380 units 790 units Sed units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 410 units, where BRO are from the January 30 purchase 5 are from the January 20 purchase, and 25 are from beginning inventory Required: 1. Complete comparative income statements for the month of January for Laker Company for the four inventory methods. Assume expenses are $2.250 and that the applicable income tax rate is 40%. (Round your Intermediate calculations to 2 decimal places) LAKER COMPANY
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