Required information [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 $17.40 per unit: Transactions Inventory, January 1 Purchase, January 12 Purchase, January 26 Sale Sale Units 620 600 150 (480) (289) Amount $3,255 4,280 1,350 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. Req 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 Good Available for Sale Cost of Goods Sold Cost of Goods Cost of # of Units # of Units Cost per Unit Available Sold Unit Goods Sold for Sale Beginning inventory Purchases: January 12 January 28 Cost per Total FIFO Cost of Goods Sold Cost of Goods Available for Sale Cost of Goods # of Units Unit Available for Sale Cost per Cost per # of Units Sold Cost of Goods Sold Unit Beginning inventory Purchases: January 12 January 26 Total LIFO Cost of Goods Available for Sale Cost of Goods Sold 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 i average cost, (b) FIFO, (c) LIFO, and (d) specific identification. For specific identification, assume that the firs 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) (d) Average Cost FIFO Specific Identification LIFO