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2. The following information is available for Ditz Company: The May 2018 bank statement showed the following: Balance, May 1 Canceled checks Deposits Interest earned

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2. The following information is available for Ditz Company: The May 2018 bank statement showed the following: Balance, May 1 Canceled checks Deposits Interest earned by Ditz Balance, May 31 1. S21,000.00 13,904.20 16,471.65 28.75 23,596.20 Ditz Company's cash accounts showed the following for May: Balance, May1 Debits Credits Balance, May 31 2. S20,971.25 22,700.40 22,886.34 20,785.31 3. The bank service charge for May was $18. 4. Outstanding checks totaled $9,100.14. 5. Deposits in transit totaled $8,000.00. 6. The bank statement reveals that Ditz Company's account has been reduced by $100. The had deposited a $100 check from one of its customers, which was subsequently returned to Binford's bank and marked "Not Sufficient Funds." The bank collected an $1,800 note for Ditz Company. The company was not aware of the collection until receiving the bank statement Prepare a bank reconciliation for May 31, 2018. Wing I, Inc. is a wholesaler of sporting goods. The activity for NCAA-s sanctioned footballs during July is shown below Date July 1 Balance/Transaction Inventory Purchase Sales Purchase Sales Purchase Units 1,000 1,500 1,800 2,400 1,900 800 Cost $36.00 37.20 38.00 16 25 28 38.60 Given this information, compute the cost of ending inventory using the following inventory cesting metholse 1. 2. 3. FIFO perpetual LIFO perpetual Average Cost perpetual Wing It, Inc. is a wholesaler of sporting goods. The activity for NCAA-sanctioned footballs during July is shown below: Date July 1 Balance/ Transaction Inventory Purchase Sales Purchase Sales Purchase Units 1,000 1,500 1,800 2,400 1,900 800 Cost $36.00 37.20 0 16 25 28 38.00 38.60 Given this information, compute the cost of ending inventory using the following inventory costing methods: 1. FIFO perpetual 2. LIFO perpetual 3. Average Cost perpetual

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