Problem 8.1B Three Methods of Inventory Valuation L.O. 1 On 22 January 2013. Dome Limited sold 700 toner cartridges to Maxine Supplies. Immediately prior to this salo, Dome's perpetual inventory records for these units included the following cost layers: Purchase Date Quantity Unit Cost Total Cost 12 Dec 2012 400 $200 $ 80.000 16 Jan. 2013 1.200 220 264.000 Total on hand 1,600 $ 344,000 a. Prepare a separate journal entry to record the cost of goods sold relating to the 22 January sale of 700 toner cartridges, assuming that Dome uses (Omit the "S" sign in your response.) 1. Specific cost identification (300 of the units sold were purchased on 12 December, and the remaining 400 had been purchased on 16 January) 2. Weighted average cost 3. FIFO Date General Journal Debit Credit Jan 22, 2013 1. Specific cost identification method Cost of goods sold 148.000 Inventory 148.000 2 Weighted Average-cost method Cost of goods sold Inventory 150,500 150,500 3. First-in. First-out (FIFO) method Cost of goods sold Inventory 146,000 146,000 b. Complete a subsidiary ledger record for the toner cartridges using each of the three inventory valuation methods listed above. Your inventory records should show both purchases of this product the sale on 22 January, and the balance on hand at 12 December, 16 January, and 22 January (Round your final answers to the nearest dollar amount. Be certain to enter zero wherever required. Omit the "$" sign in your response.)