using periodic method

you na completed so far. It does not indi 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. Units sold at Date Activities Units Acquired at Cost Retail Jan. 1 Beginning inventory 140 units @ $6.00 = $ 840 Jan. 10 Sales 100 units @ $15 Jan. 20 Purchase 60 units @ $5.00 = 300 Jan. 25 Sales 80 units @ $15 Jan. 30 Purchase 180 units @ $4.50 = 810 Totals 380 units $1,950 180 units 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.) Check my work mode : This shows what is correct or incorrect for the work you have complete Required: 1. Complete comparative income statements for the month of January for Laker Company for the fo expenses are $1,250, and that the applicable income tax rate is 40%. (Round your average cost pe Answer is not complete. LAKER COMPANY Income Statements For Month Ended January 31 Specific Weighted Identification Average FIFO LIFO 100 X (100) 0 Sales Cost of goods sold Gross profit Expenses Income before taxes Income tax expense Net income 0 0 0 (100) 0 $ 0 $ 0 $ (100) $ 0 you na completed so far. It does not indi 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. Units sold at Date Activities Units Acquired at Cost Retail Jan. 1 Beginning inventory 140 units @ $6.00 = $ 840 Jan. 10 Sales 100 units @ $15 Jan. 20 Purchase 60 units @ $5.00 = 300 Jan. 25 Sales 80 units @ $15 Jan. 30 Purchase 180 units @ $4.50 = 810 Totals 380 units $1,950 180 units 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.) Check my work mode : This shows what is correct or incorrect for the work you have complete Required: 1. Complete comparative income statements for the month of January for Laker Company for the fo expenses are $1,250, and that the applicable income tax rate is 40%. (Round your average cost pe Answer is not complete. LAKER COMPANY Income Statements For Month Ended January 31 Specific Weighted Identification Average FIFO LIFO 100 X (100) 0 Sales Cost of goods sold Gross profit Expenses Income before taxes Income tax expense Net income 0 0 0 (100) 0 $ 0 $ 0 $ (100) $ 0