??????? How is this done?? whoever can show me, I would really appreciate it. Due tomorrow!

On January 15, 2018, Sports World sold 1,000 Ace-5 fishing reels to Angler's Warehouse. Imme- diately prior to this sale, Sports World perpetual inventory records for Ace-5 reels included the LO8-1 following cost layers. PROBLEM S. 1A Unit Cost Total Cost Quantity Four Methods of Inventory Purchase Date Valuation $29 $17,400 600 Dec. 12, 2017 32 900 28,800 Jan. 9, 2018. $46,200 1,500 Total on hand Instructions 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 15 sale of 1,000 Ace-5 reels, assuming that Sports World uses: 1. Specific identification (500 of the units sold were purchased on December 12, and the remaining 500 were purchased on January 9). 2. Average cost. 3. FIFO 4. LIFO Problem Set A 377 b. Complete a subsidiary ledger record for Ace-5 reels using each of the four inventory valuation methods listed, Your inventory records should show both purchases of this product, the sale on January 15, and the balance on hand at December 12, January 9, and January 15. Use the formats for inventory subsidiary records illustrated on Exhibits 8-3 through 8-5 of this chapter. Refer to the cost of goods sold figures computed in part a. For financial reporting purposes, can the company use the valuation method that resulted in the lowest cost of goods sold if, for tax purposes, it used the method that resulted in the highest cost of goods sold? Explain. c. Problems 8.2A and 8.3A are based on the following data: Speed World Cycles sells high-performance motorcycles and motocross racers. One of Speed World's most popular models is the Kazomma 900 dirt bike. During the current year, Speed World Cycles purchased eight of these bikes at the following costs. Total Unit Units Purchase Date Cost Purchased Cost July 1.. $9,900 $4,950 2 July 22. 15,000 3 5,000 Aug. 3 5,100 15,300 $40,200 On July 28, Speed World Cycles sold four Kazomma 900 dirt bikes to the Vince Wilson racing team. The remaining four bikes remained in inventory at September 30, the end of Speed World's fiscal year. Assume that Speed World Cycles uses a perpetual inventory system. (See the data provided.) L08-1