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Required information [ The following information applies to the questions displayed below. ] Laker Company reported the following January purchases and sales data for its

Required information
[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 periodic inventory system. For specific identification, ending inventory consists of 200 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory.
Required:
Complete comparative income statements for the month of January for Laker Company for the four inventory methods. Assume expenses are $1,250, and that the applicable income tax rate is 40%.(Round your average cost per unit to 2 decimal places.)
\table[[LAKER CONPANY],[Income Statements],[For Month Ended January 31],[,Specific,Weighted,,],[,Identification,Average,FIFO,LIFO],[Sales,=,4,,],[Cost of goods sold,,ThV,4,],[Gross profit,0,0,0,0],[Expenses,,,,+],[Income before taxes,0,4,0,0],[Income tax expense,,nd,P,+0],[Net income,0,$0,,$1
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