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Laker Company reported the following January purchases and sales data for its only product. For...

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Accounting

Laker Company reported the following January purchases and sales data for its only product. For specific identification, ending inventory consists of 275 units from the January 30 purchase, 5 units from the January 20 purchase, and 25 units from beginning inventory.
Date Activities Units Acquired at Cost Units sold at Retail
January 1 Beginning inventory 175 units @ $ 10.00= $ 1,750
January 10 Sales 135 units @ $ 19.00
January 20 Purchase 130 units @ $ 9.00=1,170
January 25 Sales 140 units @ $ 19.00
January 30 Purchase 275 units @ $ 7.00=1,925
Totals 580 units $ 4,845275 units
Compute gross profit for the month of January for Laker Company for the four inventory methods. weighted average, FIFO, LIFO

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