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29. The following items appeared on the January 31 bank reconciliations for Kelly Company: Outstanding Checks: $100 NSF Check: $6 Bank Service Charge: $8 Deposit

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29. The following items appeared on the January 31 bank reconciliations for Kelly Company: Outstanding Checks: $100 NSF Check: $6 Bank Service Charge: $8 Deposit in Transit: $80 Error: Deposit by Kelly for $440 was correctly recorded by Kelly, but recorded for $476 by the bank. Bank collection of Note Receivable for Kelly: $170 . . The unadjusted January 31 book balance is $3,000. The adjusted cash balance for the January 31 balance sheet is: a) $2,950 $2,986 $3,156 $3,084 e) $3,192 14. 12/01 Beginning Inventory 12/10 Purchase 12/20 Purchase 12/31 Ending Inventory 100 units @ $6/unit 100 units @ $8/unit 200 units @ $10/unit 150 units Assuming that a periodic inventory system is used, what is the costs of Goods Sold under the LIFO method? a) $1,000 $1,500 $2,400 d) $1,900 15. 12/01 Beginning Inventory 12/10 Purchase 12/20 Purchase 12/31 Ending Inventory 100 units @ $10/unit 100 units @ $8/unit 200 units @ $10/unit 150 units Assuming that a periodic inventory system is used, what is the cost of Goods Sold under the weighted average method? a) $1,350 b) $3,600 c) $2,250 d) $2,160 $2,375

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