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Required information The following information applies to the questions displayed below.] Laker Company reported the...

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Accounting

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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 Acquired at Cost 150 u Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase nits@ $7.50 = $1,125 80 unitse $6.50520 1.200 110 units $16.50 Jan. 25 Sales Jan. 30 Purchase 90 units $16.50 200 units@ $6.00= 430 units Totals $2,845 200 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists where 200 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from be inventory Required: 1. Complete comparative income statements for the month of January for Laker Company for the four inventc expenses are $1,350, and that the applicable income tax rate is 40%. (Round your Intermediate calculations

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