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Laker Company reported the following January purchases and sales data for its only product. For specific identuicavon, ending imventory consists of 340 units from the January 30 purchase, 5 unlts from the Jaruary 20 purchase, and 15 units from beginning inventory. Assume the perpetual Inventory system is used. Required: 1. Compute gross profit for the month of January for Laker Company for the four inventory methods 2. Which method yleids the highest gross profit? 3. Does gross profit using weighted average fall between that uaing FFO and UFO? 4. If costs were rising instead of faling. Which method would yeld the highet gross profit? Complete this question by entering your answers in the tabs below. Compute gross profit for the month of Ianuary for Laker Company for the four inventory methods. Noter Round cost per unit to 2 decimal places and final antwers to the nearest whole dollars