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 $18.20 per unit Transactions Units Amount Inventory, January 1 590 $1,652 Purchase, January 12 570 2,736 Purchase, January 26 170 Sale (450) Sale 1200) Required: 1. Compute Cost of Goods Sold under ach method of inventory, everage cost, FIFO, LIFO, and specific identiation for specific dentication, sume that the first sale was selected from the beginning inventory and the cond sale was selected from the January 12 purchase Assume that the companys periodic inventory system (Round unit price to 2 decimal places. Input all amounts as positive values) Average cost Cost of Good Alable for sale Cost of Goods Sold Cost of of Units Cost per Goods of Units Cost per Cost of Unk Bord Unit Goods for Sale Seid Beginning inventory January 12 Total FIFO Cost of Good Gold Cost of Goods Available for Sale Cost of Goode Unit for Sale Unite Coupe Cesto! of Coster Sold Unit Goods Sold Purchase January 12 January 26 LIFO Cost of Bold Cost of Good Awable for sale Cost of Goods Unit Cooler of Units Cost per Sold Un Cost of Goods Sold for Sale Purch January 12 MacBook Air 30 41 A 2 3 $ 4 % 5 & 7 6 8 9 0 FIFO Cost of Goods Sold Cost of Goods Available for sale Cost of of Units Coat per Goods Unit Available for Sale of Units Cost per Sold Unit Cont of Goods Sold Beginning inventory Purchase January 12 January 26 Total 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 Specific Identification Cost of Goods Sold Cost of Goods Available for Sale Cost of of Units Cost per Goods Unik Available for Sale of Units Cost per Sold Unit Cost of Goods Sold Beginning inventory Purchases January 12 January 26 Total MacBook Air 1b. Prepare a partial income statement under each method of inventory (s) 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 DONNER COMPANY Partial Income Statement For the Month Ended January 31, Current Year b) (c) Average Cou FIFO UFO Idi Specific Identication MacBook Air 30 * BE # 3 $ 4 % 5 2 6 7 8 9 0 Q W E R . Y U O