Regeres interinusan Use the following infermstion for the freecises 3.7 below, (Aigo) Extecine 5-7A (Algo) Rerpetuak Gross profit edects of inventery methodi LO P3. A1 Aercuster 2. Which method yoid the highest grols prode? 3. Does ? Complete this ewestien by eatering reur aecwers in the tobe beliew. 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. 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? Regeres interinusan Use the following infermstion for the freecises 3.7 below, (Aigo) Extecine 5-7A (Algo) Rerpetuak Gross profit edects of inventery methodi LO P3. A1 Aercuster 2. Which method yoid the highest grols prode? 3. Does ? Complete this ewestien by eatering reur aecwers in the tobe beliew. 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. 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