Required:

1. Complete comparative income statements for the month of January for Laker Company for the four inventory methods. Assume expenses are $1,250, and that the applicable income tax rate is 40%. (Round your average cost per unit to 2 decimal places.)

Required information [The following information applies to the questions displayed below.] Laker Company reported the following January purchases and sales data for its only product Answer is complete but not entirely correct. Required information [The following information applies to the questions displayed below.] Laker Company reported the following January purchases and sales data for its only product Answer is complete but not entirely correct