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At the end of January of the current year, the records of Donner Company showed the following for a particular item that sold at $15.40 per unit:

Transactions	Units	Amount
Inventory, January 1	600	$	1,800
Purchase, January 12	580		2,900
Purchase, January 26	180		1,260
Sale	(460)
Sale	(200)
Required: 1a. 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. Assume that the company uses periodic inventory system. (Round unit price to 2 decimal places. Input all amounts as positive values.)

1b. 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 Assume that the company uses periodic inventory system.

Average Cost Cost of Good Available for Sale Cost of Goods Sold of units cost per Cost of Cost of Goods of Units cost per Goods for Sale Beginning inventory Purchases January 12 January 26 FIFO Cost of Goods Available for Sale Cost of Goods Sold of units cost per Cost of Cost of Unit Goods of Units cost per Goods Available Sold Unit Beginning inventory Purchases January 12 January 26 LIFO Cost of Goods Available for Sale Cost of Goods Sold of units cost per Cost of Cost of Unit Goods of Units cost per Goods Available Sold Beginning inventory Purchases January 12 January 26 Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Cost of Cost of #of Units per Available of Units cost per Goods Sold Goods Unit Beginning inventory Purchases January 12 January 26