Search of type a command 8.1 A.docx the best possible expence for Woh ny byt Problem 8.1A - Page 376 On January 15, 2016, Sports World sold 1,000 Ace 5 fishing reels to Angler's Warehouse. Immediately prior to this sale Sports World perpetual Inventory records for Ace-sreels included the following cost layers Purchase Date Dec. 12. 2010..... Jan 9, 2011 Total on hand Quantity 500 900 Unit Cost 529 3 2 Total Cost 517,400 20,000 545.200 Instructions Note: We present this problem in the nord sequence of the accounting cycle that is journal entries before ledger entries. However, you may find it helpful to work part first . Prepare a separate journal entry to record the cost of goods sold relating to the lanary 15 sale of 1.000 Ace-5 reel i ng that Soorts World uses 1. Specific identification 1500 of the units sold were purchased on December 12, and the remaining 500 were purchased on January 9). 2. Average cost FO 4. O