[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 190 units from the January 30 purchase, 5 units from the January 20 purchase, and 20 units from beginning inventory. Assume the perpetual imvertory system is used Required: 1. Compute gross proft for the month of Janisary for Laker Company for the four inventory methods. 2. Which method yields the highest gross profit? 3. Does gross profit using weighted overage fall between that using FIFO and LIFO? 4. If eosts were rising instead of foling which method would yield the highest gross profit? Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Compuce gross pront for theimonth of January for Laker Company for the four inventory methods