On January 22, 2015, Dobbins Supply Inc., Sold 700 toner cartridges to Foster Office Fitters. Immediately prior to this sale, Dobbins supply perpetual inventory records for these units included the following costs: Instructions a. Purchase date Dec. 12, 2014 Jan. 16, 2015 Total on hand b. Quantity 400 1,200 1,600. Unit Cost 20 22 Total Cost 8,000 26,400 34,400 Prepare a separate journal entry to record the cost of goods sold relating to the Jan 22 sale of 700 toner assuming that the company uses: (50 points in total, 12.5 points each) 1. Specific identification (300 of the units sold had been purchased on Dec 12, and 400 had been purchased on Jan 16). 2. Average cost 3. Last-in-First-out (LIFO) 4. First-in-First-out (FIFO) Complete the subsidary ledger record for the toner cartridges using each of the four valuation methods listed above. Use the formats for inventory subsidiary records illustrated on pages 345-347 of your book.

on January 22,2015 , Dobbins Supply Inc., Sold 700 toner cartridges to Foster Office Fitters. mmediately prior to this sale, Dobbins supply perpetual inventory records for these units included the following costs: astructions Prepare a separate journal entry to record the cost of goods sold relating to the Jan 22 sale of 700 toner assuming that the company uses: ( 50 points in total, 12.5 points each) 1. Specific identification ( 300 of the units sold had been purchased on Dec 12 , and 400 had been purchased on dan16). 2. Average cost 3. Last-in-First-out (LIFO) 4. First-in-First-out (FIFO) On January 22, 2015, Dobbins Supply inc, Sold 700 toner cartudges to Fester Orfice Fitters. immediately prior to this sale, Dobbins sopply perpetual irventory necords for these units included the following costs: instructions. a. Prepare a separate journal entry to record the cost of goods sold relafing to the Jan 22 sale of 700 torier arsuming that the company uses: (50 points in total, 12.5 pelints each) 1. Specific identification (300 of the units sold had been purchased on Dec 12 , and 400 had been purchased on dan 163 : 2. Average cost 3. Last-in first-out (uso) 4. First-in First-out (FiFO) b. Complete the subsidary ledker record for the toener cartridges using each of the four valuatian methods listed above. Use the formats for inventory subsidary records illustrated on pages 345347 of your boek