At the end of January 2014, the records of Donner Company showed the following for a particular item that sold at $18.80 per unit:

1) Compute Cost of Goods Sold under each method of inventory: average cost, FIFO, LIFO, and specific identification. For specific identification, assume that the first sale was selected from the beginning inventory and the second sale was selected from the January 12 purchase. (Round unit price to 2 decimal places. Input all amounts as positive values.)

2) Prepare a partial income statement under each method of inventory: (a) average cost, (b) FIFO, (c) LIFO, and (d) specific identification. For specific identification, assume that the first sale was selected from the beginning inventory and the second sale was selected from the January 12 purchase. I request you to please show all work, I am stuck on this question.

Transactions Units Amount Inventory, January 1, 2014 Purchase, January 12 Purchase, January 26 Sale Sale 710 $3,905 680 5,100 240 2,280 (570) (200)