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Question 1: What would the journal entries be when recording the cost of the 140 Millennium laptops sold on May 10, assuming that Hudson Computing uses the following.
Option a. Specific identification method (110 of the units sold were purchased on April 9, and the remaining units were purchased on May 1). Record the cost of {{[sold]:#,###}} Millenium computers sold to Apex Publishers.
Option b. Average-cost method. Record the cost of {{[sold]:#,###}} Millenium computers sold to Apex Publishers.
Option c. FIFO method. Record the cost of {{[sold]:#,###}} Millenium computers sold to Apex Publishers.
Option d. LIFO method.Record the cost of {{[sold]:#,###}} Millenium computers sold to Apex Publishers.
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