1. Mower-Blower Sales Co. started business on January 20, 2016. Products sold were snow blowers and lawn mowers. Each product sold for $350. Purchases during 2016 were as follows:

	Blowers				Mowers
January 21	21	@	$	194
February 3	46	@		195
February 28	38	@		200
March 13	15	@		192
April 6					19	@	$	218
May 22					44	@		220
June 3					42	@		216
June 20					68	@		228
August 15					17	@		220
September 20					19	@		218
November 7	22	@		194

The December 31, 2016, inventory included 9 blowers and 26 mowers. Assume the company uses a periodic inventory system.

Required:

a-1. Compute ending inventory valuation at December 31, 2016, under the FIFO and LIFO cost-flow assumptions. (Hint: Compute ending inventory under each method, and then compare results.)

#2. The following is a portion of the current asset section of the balance sheets of HiROE Co., at December 31, 2017, and 2016:

	12/31/17	12/31/16
Accounts receivable, less allowance for uncollectible accounts of $8,200 and $1,100, respectively	$153,000	$105,300

Required:

b. If bad debts expense for 2017 totaled $10,500, what was the amount of accounts receivable written off during the year? (Hint: Use the T-account model of the Allowance account, plug in the three amounts that you know, and solve for the unknown.)