Question: I need help with this question. QUESTIONS 7 AND 8 HAVE REQ1A AND REQ1B. QUESTIONS 7-10 ARE CONNECTED. please make sure to specify the answers
I need help with this question. QUESTIONS 7 AND 8 HAVE REQ1A AND REQ1B. QUESTIONS 7-10 ARE CONNECTED.







please make sure to specify the answers for each one and keep a similar format to the one showed in the question, thank you:D
5 points eBook Identification, assume that the first sale was selected from the beginning inventory and the second sale was selected from the January 12 purchase. (Round unit price to 2 decimal places. Input all amounts as positive values.) Show less Cost of Good Available Average Cost Cost of Goods Sold for Sale Cost Cost of # of # of Goods Cost Cost of per Units Available Units per Goods Unit Sold Unit Sold for Sale Beginning inventory Purchases: January 12 January 26 Total Print Reference FIFO Cost of Goods Sold Cost of Goods Available for Sale Cost Cost of # of Goods Units per Unit Available for Sale # of Units Sold Cost Cost of per Goods Unit Sold Beginning inventory Purchases: January 12 January 26 Total LIFO Cost of Goods Sold Cost of Goods Available for Sale Cost of Cost # of Goods Units per Available Unit for Sale # of Units Sold Cost Cost of per Goods Unit Sold Beginning inventory Purchases: : January 12 January 26 Total Specific Identification Cost of Goods Sold Cost of Goods Available for Sale Cost of Cost # of Goods Units per Available Unit for Sale # of Units Sold Cost per Unit Cost of Goods Sold Beginning inventory Purchases: January 12 January 26 Total 7 Part 1 of 4 Required information P7-3 (Algo) Evaluating Four Alternative Inventory Methods Based on Income and Cash Flow L07-2, 7-3 [The following information applies to the questions displayed below.) 5 points 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: Units Amount 600 $1,800 eBook Transactions Inventory, January 1 Purchase, January 12 Purchase, January 26 Sale Sale 580 2,900 Print 1,260 180 (460) (200) Reference P7-3 Part 1 Required: 1a. Assuming the use of a periodic inventory system, 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. 1b. Assuming the use of a periodic inventory system, 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. Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Assuming the use of a periodic inventory system, 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. Show less DONNER COMPANY Partial Income Statement For the Month Ended January 31, Current Year (a) (b) (c) (d) Average FIFO LIFO Specific Cost Identification 00 Part 2 of 4 Required information P7-3 (Algo) Evaluating Four Alternative Inventory Methods Based on Income and Cash Flow L07-2, 7-3 [The following information applies to the questions displayed below.) 5 points 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: Units Amount 600 $1,800 eBook Transactions Inventory, January 1 Purchase, January 12 Purchase, January 26 Sale Sale 580 2,900 Print 180 1,260 (460) (200) Reference P7-3 Part 2 2a. Between FIFO or LIFO, which method would result in the higher pretax income? 2b. Between FIFO or LIFO, which would result in the higher EPS? Complete this question by entering your answers in the tabs below. Req 2A Reg 2B Between FIFO or LIFO, which would result in the higher EPS? Method
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