1.Stratege Consulting owns a cellphone store where it buys and sells cellphones as the store's main business activity.Below are Stratege Consulting LLC transactions for the month of March 2019:

3/1Began with 200 cellphones @ $50 in itsinventory

3/10Purchased 100 cellphones @ $40

3/20Purchased 150 cellphones @ $40

3/27Purchased 250 cellphones @ $30

3/31250 cellphone remainedon hand

Instructions: Using the Periodic Method of Inventory Cost Flow:

1.What is theGoods Available for Sales (CGAFS) in Units

2.What is theGoods Available for Sales (CGAFS) in Dollars

3.Ending Inventoryin dollars forFIFO

4.Cost of Goods of Goods Sold(COGS) forFIFO

5.Ending Inventoryin dollars forLIFO

6.Cost of Goods of Goods Sold(COGS) forLIFO

2.Based on the information below, prepare the multi-step Income Statement below for Stratege Consulting LLC, for the month of June:

Sales Returns & Allowance$5,000

Cost of Goods Sold$100,000

Other Revenues and Gains$5,500

Sales Revenue$300,000

Operating Expenses$50,000

Other Expensesand Losses$1,500

Sales Discount$25,000

Stratege Consulting, LLC

Multi-step Income Statement

For the Month of June 2018

3.Below is theAdjusted Trial Balancefor Bono Furnishing Co. for the fiscal year ending August 31, 2019.

1. Journalize the closing entries

B.Prepare the Statement of Owner's Equity

Boro Furnishing Co.

Statement of Owner's Equity

For the 12-Months Ended August 31, 2019

1. The Post-Closing Trial Balance.