Content Bb 7272550 + 7272550 learn-eu-central-1-prod-fleet01-xythos.content.blackboardcdn.com/5d5ba7961ed77/7272550?X-Blackboard-Expiration=1656126000000&x-Blackboard-Signatur... Q 2/8 147% + | T Submission Deadline: 30.06.2022 Q3. On January 22, 2021, Dobbins Supply, Inc., sold 700 toner cartridges to Foster Office Fitters. Immediately prior to this sale, Dobbins Supply's perpetual inventory records for these units included the following cost layers. Purchase Date Dec. 12, 2020 2 Jan. 16, 2021 Total on hand Instructions 3 Quantity 400 1,200 1,600 Unit Cost $20 Total Cost 22 $ 8,000 26,400 $34,400 Note: We present this problem in the normal sequence of the accounting cycle that is, journal 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 sale of 700 toner cartridges, assuming that Dobbins Supply uses the following. 1. Specific identification (300 of the units sold had been purchased on December 12, and the remaining 400 had been purchased on January 16). 2. Average cost. 3. FIFO. 4. LIFO.