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. For specific identification, ending inventory consists of 400 units from the January 30 purchase. 5 units from the January 20 purchase, and 15 units from beginning inventory. Assume the perpetual inventory system is used. Requlred: 1. Compute gross profit for the month of Januory for Laker Company for the four inventory methods. 2. Which method ylelds the highest gross profit? 3. Does gross profit using weighted average fall between that using FFO and LFO? 4. If costs were rising instead of foling. which method would yield the highest gross profit? Complete this question by entering your answers in the tabs below. Compute gross profit for the month of January for Laker Company for the four inventory methods. Note: Round cost per unit to 2 decimal places and final answers to the nearest whole dollars. Assume the perpetual inventory system is used. Required: 1. Compute gross profit for the month of January for Laker Company for the four inventory methods. 2. Which method yields the highert gross profit? 3. Doeb 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 velds the highest gross profit? 3. Does grosis proft using weighted werage fall between that using FiFO and UFO? 4. If costs were cisina instead of falling, which methed would yield the highest gross profit