Question 1 7 On January 15, 2022, ABC Inc., sold 1400 laptops to XYZ company. Prior to this sale, ABC's perpetual 8 inventory records for these units included the following cost layers. 9 10 Purchase date Quantity Unit Cost Total Cost 11 15.Dec.20 800 $40 $32.000 12 10.Jan.21 2400 44 105.600 13 Total on hand 3200 $137.600 14 15 Instructions 16 NOTE: I advise you to start from part b. Go to the next page to answer the question 17 a. prepare a separate journal entry to record cost of goods sold relating to the January 15 sale of 1400 18 laptops, assuming that ABC usus: 1. Specific identification (600 of the units sold had been purchased on December 15, and 20 remaining 800 had been purchased on January 10). 21 2. Average cost 22 3.LIFO 23 24 NOTE: SHOW ALL THE CALCULATIONS FOR THE JOURNAL ENTRIES LIKEWE DID IN PRACTICAL EXERCISES 25 26 b. Complete a subsidiary ledger recod for the laptops unsing each of the four inventory valuation 27 methods lited above. Your inventory records should show both purchases of these products, 28 the sale on January 15, and the balance on hand at December 15, January 10 and january 15. 29 19 4. FIFO