On May 10, Hudson Computing sold 85 Millennium laptop computers to Apex Publishers. At the date of this sale, Hudsons perpetual inventory records included the following cost layers for the Millennium laptops:

Purchase Date	Quantity	Unit Cost		Total Cost
Apr. 9	59	$	1,500	$	88,500
May 1	39	$	1,200		46,800
Total on hand	98			$	135,300

Prepare journal entries to record the cost of the 85 Millennium laptops sold on May 10, assuming that Hudson Computing uses the:

a.

Specific identification method (61 of the units sold were purchased on April 9, and the remaining units were purchased on May 1).

b.

Average-cost method.

c.

FIFO method.

d.

LIFO method.

(Do not round intermediate calculations. Round your final answers to the nearest dollar amount. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

1.Record the cost of 85 Millenium computers sold to Apex Publishers.

2.Record the cost of 85 Millenium computers sold to Apex Publishers.

3.Record the cost of 85 Millenium computers sold to Apex Publishers.

4.Record the cost of 85 Millenium computers sold to Apex Publishers.

Transaction

General Journal

Debit

Credit

a.

*Enter debits before credits