A-c

Problems

Problem Set B immedinely pror to this sale, Dobbins Supply's perpetual inventory records for th included the following cost layers: ice Fi for these uni 22, 2015, Dobbins Supply, Inc., sold 700 toner cartridges to Foster O LOB-I PROBLEM 8.1B Four Methods of Inventory Quantity Unit Cost Total $20 $ 8,000 26,400 $34,400 Valuation 400 1,600 Total on hand... Instructions Note: We present this problem in the normal sequence of the accounting cycle- that is, entries before ledger entries. However, you may find it helpful to work part b first. a. Prepare a separate journal entry to record the cost of goods sold relating to the January 22 slk of 700 toner cartridges, assuming that Dobbins supply uses: 1. Specific identification (300 of the units sold had been purchased on December 12, and the remaining 400 had been purchased on January 16)