Required Information

$[$The following infometion applies to the questions displayed belowi$]$

Loker Comasny reported the following Jonusry purchsses snd soles dsts for its only product for soecific identificstion,

ending Inventory conalsts of $190$ units from the Jsnusry $30$ purchsse, $5$ units from the Janusry $20$ purchsse, snd $15$ unt:

from beginning inventory.

Asaume the periadis inventory syatem is used.

Requlred:

Compute grosa profit for the month of Januery for Loker Compony for the four linventory methods using the perladk Inventory

system.

$2$ Which method ye ds the highest gross profit?

Does gross profit using weighted oversge fill between that uaing FFO snd LIO $?$

If costs were rising instesd of faling, which method would yield the highest gross profit?

Complete this question by entering your answers in the tabs below.

Pog $2$ to $4$

Compute gras prafit for the month of January far Laker Campany for the four imentary methods uaing the periodic imventary

system.

Note: Found coet per unt to $2$ decimal places and final answers to the nearest whole dalars.