need help with fifo and lifo

The following information applies to the questions displayed below) Laker Company reported the following January purchases and sales data for its only product Units Acquired at Cost 205 units 513.00 $2,655 Units sold at Retail Date Activities Ian. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Tan. 25 Sales Jan. 30 Purchase Totals 165 units $22.00 1,680 140 units @ $12.00 = 310 units $11.50 - 655 units 145 units @ $22.00 3,565 57,910 310 units The Company uses a perpetual inventory system for specific identification, ending inventory consists of 345 units, where 310 are from the January 30 purchase 5 are from the January 20 purchase, and 30 are from beginning inventory Exercise 6-4 Perpetual: Income effects of inventory methods LO A1 Required: 1. Complete comparative income statements for the month of January for Laker Company for the four inventory methods. Assume expenses are $1.900 and that the applicable ricome tax rate is 40% (Round your Intermediate calculations to 2 decimal places.) FIFO LIFO Sales Cost of goods sold Groot Expenses Income before taxes Income tax expense Not Income LAKER COMPANY Income Statements For Month Ended January 31 Specific Weighted Identification Average S 68205 6,820 3.095 3.917 2,925 2.903 1.900 1.900 1.025 1003 4101 401 5 5155 602 0 0 0 0 5 05