On May 10, Hudson Computing sold 70 Millennium laptop computers to Apex Publishers. At the date of this sale, Hudson's perpetual inventory records included the following cost layers for the Millennium laptops: Purchase Date Quantity Unit Cost Total Cost Apr. 9 69 $1,000 $ 69,000 May 1 45 $1,900 85,500 Total on hand 114 $154,500 Prepare journal entries to record the cost of the 70 Millennium laptops sold on May 10, assuming that Hudson Computing uses the (Round your intermediate and final answer to nearest dollar amount. Omit the "S" sign in your response): a. Specific cost identification method (59 of the units sold were purchased on April 9, and the remaining units were purchased on May 1). b. Weighted average cost method. C. FIFO method. d. 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 (Click to select) a b. (Click to select) (Click to select) 1111 1111 C. (Click to select) (Click to select) d. (Click to select) (Click to select)