Exercises 0 Help Save & Exit Submit Check my work Laker company reported the towing January purchases ang saes cata for its only proudu Units sold at Date Activities Unite Aquired at Cost Retail Jan. 1 Beginning Inventory 140 units. 56.00 - $ 140 Jan. 10 100 unitat 15 Jan. 20 Purchase 60 units. 55.00 - 300 Jan. 25 Balon 80 units $15 Jan. 30 Puchose 100 units. 54.50 - B10 Totala 300 unit. 51,50 180 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 200 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 ore from beginning inventory Exercise 5-4 Perpetual: Income effects of inventory methods LO A1 Required: 1. Complete comparative income statements for the month of January for Loker Company for the four inventory methods. Assume expenses are $1,250 and that the applicable income tax rate is 40%. (Round your intermediate calculations to 2 decimal places.) LAKIER COMPANY Income Statements For Month Ended January 31 Specific Weighted identification Average FIFO LIFO 0 0 D 0 Sales Cost of goods sold Gross profit Expenses Income before taxes Income tax expense Net Income 0 0 0 0 5 OS 0$ 0 $ 0 GO 19 ce w dtv A