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P7-3 (Algo) Evaluating Four Alternative Inventory Methods Based on Income and Cash Flow LO7-2, 7-3 [The following information applies to the questions displayed below.)

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P7-3 (Algo) Evaluating Four Alternative Inventory Methods Based on Income and Cash Flow LO7-2, 7-3 [The following information applies to the questions displayed below.) At the end of January of the current year, the records of Donner Company showed the following for a particular item that sold at $17.60 per unit: Transactions Inventory, January 1 Units Amount 660 $3,168 Purchase, January 12 630 4,2841 Purchase, January 26 190 1,672 Sale (520) Sale (200)

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