Required information 1a. Assuming the use of a periodic Inventory system, compute Cost of Goods Sold under each method of Inventory average cost, FIFO, LIFO, and specific identification. For specific identification, assume that the first sale was selected from the beginning inventory and the second sale was selected from the January 12 purchase. 1b. Assuming the use of a periodic Inventory system, prepare a partial income statement under each method of inventory: (a) average cost. (b) FIFO. (C) LIFO, and (d) specific Identification. For specific Identification, assume that the first sale was selected from the beginning inventory and the second sale was selected from the January 12 purchase. Complete this question by entering your answers in the tabs below. Red 1A Reg 1B Assuming the use of a periodic inventory system, compute Cost of Goods Sold under each method of inventory: average cost, FIFO, LIFO, and specific identification. For specific identification, assume that the first sale was selected from the beginning inventory and the second sale was selected from the January 12 purchase. (Round unit price to 2 decimal places. Input all amounts as positive values.) Average Cost Cost of Goods Sold Cost of Good Available for Sale Cost of # of Units Cost per Goods Unit Available for Sale # of Units Cost per Sold Unit Cost of Goods Sold Beginning inventory Purchases: January 12 January 26 Total $ 0 FIFO Cost of Goods Sold Cost of Goods Available for Sale Cost of Cost per Goods # of Units Unit Available for Sale # of Units Cost per Sold Unit Cost of Goods Sold $ 0 Beginning inventory Purchases: January 12 January 26 Total 0 0 0 LIFO Cost of Goods Sold Cost of Goods Available for Sale Cost of Cost per Goods # of Units Unit Available for Sale # of Units Cost per Sold Unit Cost of Goods Sold Beginning inventory Purchases: January 12 January 26 Total Specific identification Cost of Goods Sold Cost of Goods Available for Sale Cost of # of Units Goods Unit Available for Sale Cost per #of Units Cost per Sold Unit Cost of Goods Sold Reninin inventory LIFO Cost of Goods Sold Cost of Goods Available for Sale Cost of # of Units Goods Unit Available for Sale Cost per # of Units Cost per Sold Unit Cost of Goods Sold Beginning inventory Purchases: January 12 January 26 Total 0 Specific Identification Cost of Goods Available for Sale Cost of Cost per # of Units Goods Unit Available for Sale Cost of Goods Sold # of Units Cost per Cost of Sold Unit Goods Sold Beginning inventory Purchases: January 12 January 26 Total $ $ 0 0 $ 0 Required: 1a. Assuming the use of a periodic Inventory system.compute Cost of Goods Sold under each method of Inventory: average cost, FIFO, LIFO, and specific identification. For specific identification, assume that the first sale was selected from the beginning inventory and the second sale was selected from the January 12 purchase. 1b. Assuming the use of a periodic Inventory system, prepare a partial Income statement under each method of Inventory: (a) average cost. (b) FIFO. (C) LIFO, and (d) specific Identification. For specific Identification, assume that the first sale was selected from the beginning Inventory and the second sale was selected from the January 12 purchase. Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Assuming the use of a periodic inventory system, prepare a partial income statement under each method of inventory: (a) average cost, (b) FIFO, (c) LIFO, and (d) specific identification. For specific identification, assume that the first sale was selected from the beginning inventory and the second sale was selected from the January 12 purchase. DONNER COMPANY Partial Income Statement For the Month Ended January 31, Current Year (a) (b) (c) Average Cost FIFO LIFO (d) Specific Identification Required: 1a. Assuming the use of a periodic Inventory system.compute Cost of Goods Sold under each method of Inventory: average cost, FIFO, LIFO, and specific identification. For specific identification, assume that the first sale was selected from the beginning inventory and the second sale was selected from the January 12 purchase. 1b. Assuming the use of a periodic Inventory system, prepare a partial Income statement under each method of Inventory: (a) average cost. (b) FIFO. (C) LIFO, and (d) specific Identification. For specific Identification, assume that the first sale was selected from the beginning Inventory and the second sale was selected from the January 12 purchase. Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Assuming the use of a periodic inventory system, prepare a partial income statement under each method of inventory: (a) average cost, (b) FIFO, (c) LIFO, and (d) specific identification. For specific identification, assume that the first sale was selected from the beginning inventory and the second sale was selected from the January 12 purchase. DONNER COMPANY Partial Income Statement For the Month Ended January 31, Current Year (a) (b) (c) Average Cost FIFO LIFO (d) Specific Identification