Exercise 8.2 Cost Flow Assumptions LO. 1 On May 10, Hudson Computing sold 84 Millennium laptop computers to Apex PublishersAt the date of the salo, Hudson's perpetual Inventory records included the following coolers for the Millennium laptopa Purchase Date Quantity Unit Cost Total Cost Apr, 63 $1,800 $ 113,400 May 1 43 $1200 51.600 Total in hand 100 $165.000 Prepare Journal entries to record the cost of the 84 Millennium laptops sold on May 10, assuming that Hudson Computing uses the Round your intermediate and final answer to nearest dollar amount Omit the sign in your responses a. Specific cost identification method (47 of the units told were purchased on April 9, and the remaining units were purchased on May 1) b. Weighted average cost method FIFO method Discuss briefly the financial reporting differences that may arise from choosing the FIFO method over the weighted average cost method General Journal Debit Credit Cost of goods sold Inventory Cost of goods sold Inventory I > > > > > > > > Cost of goods sold Inventory Cost of goods sold Inventory References Worksheet E 2 Controw A LOT