Required information [The following information opplies to the questions disployed below) Laker Company reported the following January purchases and sales data for its only product. For specific identification, ending inventory consists of 250 units from the Jonuary 30 purehase, 5 units from the January 20 purchase, and 20 units from beginning imventory. 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 yieids the highest gross profit? 3. Does gross profit using weighted average fall between that using FFO and LIFO? 4. If costs were rising instead of falling. which method would yleld 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 dolars. Assume the perpetuol inventory system is used. Required: 1. Compule gross profit for the month of January for Laker Company for the four inventery methods. 2. Which method yields the highest gross profit? 3. Does gross profit using weighted average fall between that using FFO and LiFO? 4. If costs were rising instead of falling, which method would yleld the highest gross proft? Complete this questien by entering your answers in the tabs below. 2. Which method yields the highest grows profit? 3. Does gress profit using welghted average fall between that using fiFo and Uror