23. Calculate Net Income from list of accounts. (Revenue - Expenses) 24. Calculate Inventory Shrinkage 25. Calculate Units of Production depreciation expense. (hint: determine the asset cost which is all costs necessary to purchase asset, have it delivered and installed). 26. What is the set of laws enacted to strengthen corporate reporting in response to notable frauds? 27. Calculate bad debt expense using percentage of credit sales method. 28. FIFO, LIFO, Weighted Average Beginning Inventory 100 units at $10 1,000 Purchase January 10th 150 units at $11 1,650 Purchase February 15th 200 at $12 2,400 Purchase November 19th 300 at $13 3,900 $8,950 Ending Inventory = 400 units a) What is the ending inventory in $ using FIFO b) What is the ending inventory in $ using LIFO c) What is the ending inventory in $ using Weighted Average? 23. Calculate Net Income from list of accounts. (Revenue - Expenses) 24. Calculate Inventory Shrinkage 25. Calculate Units of Production depreciation expense. (hint: determine the asset cost which is all costs necessary to purchase asset, have it delivered and installed). 26. What is the set of laws enacted to strengthen corporate reporting in response to notable frauds? 27. Calculate bad debt expense using percentage of credit sales method. 28. FIFO, LIFO, Weighted Average Beginning Inventory 100 units at $10 1,000 Purchase January 10th 150 units at $11 1,650 Purchase February 15th 200 at $12 2,400 Purchase November 19th 300 at $13 3,900 $8,950 Ending Inventory = 400 units a) What is the ending inventory in $ using FIFO b) What is the ending inventory in $ using LIFO c) What is the ending inventory in $ using Weighted Average