solve the Question using all methods of inventories

Transcribed image text: Purchase Date Unit Cost 600 $9.25 Dec. 12, 2000 Jan. 9, 2001 Total on hand 900 9.50 and January 15. Use the formats for inventory subsidiary records illustrated on pages 333-335 On January 15, 2001, California Intigation sold 1,000 RainMaster-30 oscillating sprinkler heads io Rancho Landscaping. Immediately prior' to this sale, California's perpetual inventory records for this sprinkler head included the following cost layers: Quantity Total Cost $ 5,550 8,550 1,500 $14,100 Instructions Note: We present this problem in the normal sequence of the accounting cyclethat is, journal entries before fecier entries. However, you may find it helpful to work part b furst. 2. Prepare a separate-journal entry to record the cost of goods sold relating to the January 15 sale of 1,000 RainMaster-30 sprinkler heads, assuming that California Irrigation uses: 1. Specific identification (500 of the units sold were purchased on December 12, and the re- maining 500 were purchased on January 9). 2. Average cost. 3. FIFO. 4. LIFO. b. Complete a subsidiary ledger record for RainMaster-30 sprinkler heads using each of the four inventory valuation methods listcd above. Your inventory records should show both purchases of this product, the sale on January 15, and the balance on hand at December 12, January of this chapter. c. Refer to the cost of condo