Section Break Luker Compury reported uve folowrrg Junusry ourcheses und sdles udd for its only producL Jan. 10 Geles Jon. 20 Purchase Jon. 25 Soles Jon. 30 Purchase 40 unns $6.00. $ 040 60 unns $5.00. 300 180 unns * $ 4.50 . 810 00 urns $15 Toani unts $1.950 Acferences Section Breek Section Break Recuired informstion Exercise 5-6A Perpetual: Income effects of inventory methods LO A1 1. Complete compara ve con e statements or 1ne month of January or La er com an or he our i ven or methods. Assume expenses are $1,250 and anuary 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory. (Round your average cost per unit to 2 decimal places.) a ne a icable income tax rate is 40% For specific de cation, endin inventory consists o 200 unit here 180 are o e Income Statements For Month Ended January 31 Specifi Weighited Gales Cst or goods snld Gross prcfit 0.00 D00 D00 DO0 D O0 Incama baiore taxas Income tax Axpanse Nel income 0.00 0.00 FIFO Speciic idenaficetion Weighted avarage 3. Dces ne: income using weignted average fall beween that using FIFO and LiFO? 9 Yes No 4. I-costs were nsing instead of talling, which method would y1d the highest net income? walgmad avaraga LIFO FIFO