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Required information Use the following information for the Exerclses 3-7 below. (Algo) (The following toformmtion appiins fo the questions atspiayed below.] Laker Company reported the following January purchases and sales data for its only product. The Company uses a perpetual inventary system. For specific identification, ending inventory consists af 300 urits from the january 30 purchase, 5 units from the January 20 purchase, and 25 units from beginning inventory. Exercise 5-5 (Algo) Perpetual: Gross profit effects of inventory methods LO A1 1. Compute grass profis for the month of January for Laker Company for the four inventory methods. 2. Which method yields the highest gross proti? 3. Does gross proft using weighted average fall between that usirg FFO and LIFO? 4. Ir costs were rising instead of falling, which method would yela the highest gross profit? Answer is not complete. Complete this question by entering your answers in the tabs below. Compute gross profit for the menth of 3anuary for Lake? Campany for the four inventary methodr. (faiound cost jar unit to 2 dochat pilices ard final answers to the nearest whole dofars