A. Prepare a separate journal entry to record the cost of goods sold relating to the Jan 22 sale of 700 toner assuming that the

• A. Prepare a separate journal entry to record the cost of goods sold relatıing to the Jan 22 sale of 700 toner assuming that the company uses: (50 points in total, 12.5 points each) 1. Specific identification (300 of the units sold had been purchased on Dec 12, and 400 had been purchased on Jan 16). 2. Average cost 3. Last-in-First-out (LIFO) 4. First-in-First-out (FIFO) b. Complete the subsidary ledger record for the toner cartridges using each of the four valuation methods listed above. Use the formats for inventory subsidiary records illustrated on pages 345-347 of your book.