CHAR Required information [The following information applies to the questions displayed below) At the end of January of the current year, the record of Donner Company showed the following for a particular item that sold at $16 per unit Transactions Units Amount Inventory, ry 1 500 52,36 Purchase, January 12 500 3.600 Purchase, January 26 160 1.250 Sale (370) Sale (250) Required: 10. Assuming the use of a periodic inventory system 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. 15. Assuming the use of a periodic inventory system, prepare a partial income statement under each method of inventory taj average cost, (D) FIFO. (C) LIFO and (d) specific identification For specific identification, assume that the first sale was selected from the beginning inventory and the second sole was selected from the January 12 purchase Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Cost per Assuming the use of a periodic inventory system 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.) Average Cost Cost of Good Available for Sale Cost of Goods Sold Cost of Goods # of Units # of Units Cost per Cost of Unit Available Sold Unit Goods for Sale Sold Beginning inventory 500 $ 2.365 Purchases January 12 600 $ 3.600 January 26 160 $ 1.280 Total 1.260 $ 7245 620 $ 0 FIFO Cost of Goods Available for Sale Cost of Goods Sold DONNER COMPANY Partial Income Statement For the Month Ended January 31, Current Year (a) (b) (c) (d) Specific Identification Average Cost FIFO LIFO