HELP ME SOLVE COGS

3 eBook 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. The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 180 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. Date January 1 January 10 January 20 January 25 January 30 Req 1 Beginning inventory. Sales Purchase Sales Purchase Totals Req 2 to 4 Activities Sales Cost of goods sold Gross profit Complete this question by entering your answers in the tabs below. S Specific Identification $ 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 profit? Units Acquired at Cost 140 units @ $6.00 = @ $5.00 = @ $4.50 = LAKER COMPANY For Month Ended January 31 Weighted Average 2,700 $ 60 units 180 units 380 units 2,700 $ Compute gross profit for the month of January for Laker Company for the four inventory methods. (Round cost per unit to 2 decimal places and final answers to the nearest whole dollars.) Units sold at Retail 100 units 80 units 810 $1,950 180 units @ $ 15 @ $ 15