Publishers. At the date of this sale, Hudson's perpetual inventory records included the following cost layer Millennium laptops: On May 10, Hudson Computing sold 90 Millennium laptop computers to Apex Publ EXERCISE 8.2 Cost Flow Assumptions or Quantity Unit Cost Total Cost $1,500 $105,000 $1,600 48,000 $153,000 70 Apr. 9.. May 1 Total on hand 100 . .. Prepare journal entries to record the cost of the 90 Millennium laptops sold on May 10, assuming that Hudson Computing uses the: a. Specific identification method (62 of the units sold were purbased on April 9, and the remain ing units were purchased on May 1). b. Average-cost method. c. FIFO method. d. LIFO method. e. Discuss briefly the financial reporting differences that may arise from choosing the FIFO method over the LIFO method