Instruction to Chegg Solver : Must be solved with Documents( Word pad, Notepad...) or convertible to Ms. word or excel.

On January 15, 2001, Ace Irrigation sold 1,000 Rain Master Sprinkler heads to Rancho Landscaping at the price of $12 each. Prior to this sale, Ace perpetual inventory record included the following cost layers: Purchase Date Quantity Unit Cost Dec. 12, 2000 600 $ 10 Jan. 9, 2001 900 $ 9 A. Prepare journal entries to record the cost of goods sold related to January 15 sale of 1,000 Rain Master Sprinkler heads assuming that Ace Irrigation uses:

B. Specific Identification Method (400 units sold were purchased on Dec. 12 and 600 units were purchased on Jan. 9).

C. Average Cost Method

D. FIFO Method

E. LIFO Method