HELP! these are all questins 4, 5, and 6 please solve and explain how to do the math

Required information Use the following information for the Exercises 3-7 below. (Algo) 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 300 units from the January 30 purchase, 5 units from the January 20 purchase, and 25 units from beginning inventory Units Acquired at Cost 200 units S 12.50 Units sold at Retail $ 2,500 Date January 1 January 10 January 20 January 25 January 30 160 units $ 21.50 Activities Beginning inventory Sales Purchase Sales Purchase Totals 130 units 5 11.50 1,495 140 units @ $21.50 5. 11.00 - 3,300 300 units 630 units $7,295 300 units Exercise 5-3 (Algo) Perpetual: Inventory costing methods LO P1 Required: 1. Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification 2. Determine the cost assigned to ending inventory and to cost of goods sold using weighted average 3. Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. 4. Determine the cost assigned to ending Inventory and to cost of goods sold using LIFO Complete this question by entering your answers in the tabs below. Specific 10 Weigh Average FIFO og Sing weighted average. 3. Determine the cost assigned to ending inventory and to cost of goods sold using FIFO 4. Determine the cost assigned to ending inventory and to cost of goods sold using UFO. Complete this question by entering your answers in the tabs below. Specific Id Weighted Average FIFO LIFO Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification Available for Sale Specific Identification Cost of Goods Sold Purchase Data Activity Cost Per Unit of units of units Ending Inventory Cost Per Unit Ending Inventory Cont sold Cost Per Unit Ending Inventory Units COGS 5 January January 20 ary 30 200 130 0 Beginning inventory Purchase Purchase 300 630 100 s 0 Weighted Average > Required information Complete this question by entering your answers in the tabs below. Specific Id Weighted FIFO LIFO Average Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decimal places.) Weighted Average. Perpetual: Goods Purchased Cost of Goods Sold Inventory Balance Date Cost per # of units # of units Cost per Cost of Goods unit sold Sold of units Cost per unit Inventory Balance unit January 1 200 $ 12 50 = $ 2,500.00 January 10 January 20 Average cost January 20 January 25 January 30 Totals Required information Specific Id Weighted Average FIFO UFO Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. Perpetual FIFO: Goods Purchased Cost of Goods Sold Inventory Balance Date # of units Cost per # of units Cost per Cost of Goods unit sold # of units unit Sold unit Inventory Balance January 1 200 at $ 12 50 = $ 2500.00 Cost per January 10 January 20 Total January 20 January 25 Total January 25 January 30 Totals Required information Specific ld Weighted Average FIFO LIFO Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. Date Goods Purchased Cost per # of units unit Perpetual LIFO: Cost of Goods Sold #of units Cost per Cost of Goods sold unit Sold # of units Cost per Inventory Balance unit Inventory Balance $ 12.50 = S 2,500.00 January 1 200 at January 10 January 20 Total January 20 January 25 Total January 25 January 30 Totals (FIFO Required information Record journal entries for Laker Company's sales and purchases transactions Assume for this assignment that the company uses a perpetual Inventory system and FIFO. All sales and purchases are made on account, and no discounts are offered View transaction list Journal entry worksheet 1 2 3 4 5 6 Record the sale of goods. Noter Enter debits before credits Date General Journal Debit Credit January 10 Record entry Clear entry View general journal Totals 630 units $ 7,295 300 units Exercise 5-5 (Algo) Perpetual: Gross profit effects of inventory methods LO A1 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? Complete this question by entering your answers in the tabs below. Req 1 Reg 2 to 4 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.) LAKER COMPANY For Month Ended January 31 Specific Weighted Identification Average FIFO LIFO Sales Cost of goods sold Gross profit $ 0 $ 0 $ 0 $ 0 RU Req 2 to 4 > Exercise 5-5 (Algo) Perpetual: Gross profit effects of inventory methods LO A1 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 UFO? 4. If costs were rising instead of falling, which method would yield the highest gross profit? Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 to 4 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 profit? 3. Does gross profit using weighted average fall between that using FIFO and LIFO? 4. If costs were nising instead of falling, which method would yield the highest gross profit?