#1. Beckett Company received its bank statement for the month ending June 30, 2022, and reconciled the statement balance to the June 30, 2022, balance in the Cash account. The reconciled balance was determined to be $6,213. The reconciliation recognized the following items:

1. Deposits in transit were $3,484.
2. Outstanding checks totaled $2,702.
3. Bank service charges shown as a deduction on the bank statement were $74.
4. An NSF check from a customer for $633 was included with the bank statement. Beckett Company had not been previously notified that the check had been returned NSF.
5. Included in the canceled checks was a check written for $730. However, it had been recorded as a disbursement of $970.

Required:

Prepare the Bank reconciliation statement for the month ending June 30, 2022.

#2. The following data are available for Sellco for the fiscal year ended on January 31, 2023:

Sales	810 units
Beginning inventory	240 units @ $3
Purchases, in chronological order	300 units @ $5
Purchases, in chronological order	430 units @ $6
Purchases, in chronological order	230 units @ $8

Required:

1. Calculate cost of goods sold and ending inventory under the cost flow assumptions, FIFO, LIFO and Weighted average (using a periodic inventory system):
2. Assume that net income using the weighted-average cost flow assumption is $14,600. Calculate net income under FIFO and LIFO.