(Solved): could you please explain how to calculate weighted average, FIFO, & LIFO? thank you so much Requ ...

Required information. Use the following information for the Exercises 3-7 below. (Algo) IThe following information applies to the questions displayed below) Laker Company reported the follewing January purchases ond sales dota for its only product. The Company uses a perpetual inventecy system, For specific dentication, ending invectary consists of 240 units from the 1 anuafy 30 purchase, 5 units from the january 20 purchase, and 15 units bom beginning inventory Exercise \( 5.5 \) (Algo) Perpetual: Gross profit effects of inventory methods LO A1 1. Compute gross profit for the mionth of January for Laker Compenty for the four thertory inethods 2. Which method yields the highest gross proffe? Answer is not complete. Complete this question by entering your answers in the tabs below. desimal glocks and final answers to the neavest whelie detiari.)