MI 4. Units Acquired at Cost 140 units @ $6.00 - $ 840 Units sold at Retail 100 units @ $ 15 Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals 60 units @ $5.00 - 300 Part 2 of 2 80 units @ $ 15 180 units @ $4.50 - 380 units 810 $1,950 180 units 1.33 points The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 200 units, who 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory. eBook Exercise 5-4 Perpetual: Income effects of inventory methods LO A1 Hint Required: 1. Complete comparative income statements for the month of January for Laker Company for the four inventory methods. Assu expenses are $1,250 and that the applicable income tax rate is 40%. (Round your Intermediate calculations to 2 decimal plac Print References LAKER COMPANY Income Statements For Month Ended January 31 Specific Weighted Identification Average FIFO LIFO 0 0 0 0 Sales Cost of goods sold Gross profit Expenses Income before taxes Income tax expense 0 0 0 0 Net income S S 0 S 0 S 0