[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 perpetual inventory system. For specific identification, ending inventory consists of 200 units from the January 30 purchase, 5 units from the January 20 purchase, and 25 units from beginning inventory. Date January 1 January 101 January 20 January 25 January 301 Activities Beginning inventory Sales Purchase Sales Purchase Totals 150 units @ Units Acquired at Cost $7.50- Units sold at Retail $ 1,125 110 units $ 16.50 80 units @ $ 6.50- 520 90 units @ $16.50 200 units @ $ 6.00- 430 units 1,200 $ 2,845 200 units .Compute gross profit for the month of January for Laker Company for the four inventory methods. 2. Which method yields the highest gross profit? 3. Does 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. Req 1 Req 2 to 4 Compute gross profit for the month of January for Laker Company for the four inventory methods. (Round cost per unit to 2 decimal places and final answers to the nearest whole dollars.) LAKER COMPANY