a IV. Beginning inventory, purchases, and sales data for hammers are as follows:. Show your layers if they are required Mar. 3 Inventory 12 units $15 11 Purchase 13 units S17 14 Sale 18 units 21 Purchase 9 units @ $20 25 Sale 10 units Assuming the business maintains a perpetual inventory system, complete the inventory cards and calculate the cost of merchandise sold and ending inventory under the following assumptions: Show your layers if they are required(worth 50 pts) (a) First-in, first-out Purchases Cost of Merchandise Sold: Inventory Date Qty. Unit Cost Total Cost Qty. Unit Cost Total Cost Qty. Unit Cost Total Cost Mar. 3 J1 21 25 Balances (b) Last-in, first-out Purchases Cost of Merchandise Sold Inventory (b) Last-in, first-out Purchases Cost of Merchandise Sold Inventory Date Qty. Unit Cost Total Cost Qty. Unit Cost Total Cost Copyright Cengage Learning. Powered by Seanero Page 9 (c) Average cost/Weighted Average Purchases Cost of Merchandise Sold Inventory Date Unit Total Qty. Cost Cost Unit Total Unit Total Qty. Cost Cost Qty. Cost Cost Mar. 3 11 14 21 25 c) Average cost/Weighted Average Purchases Cost of Merchandise Sold Inventory Unit Cost Total Cost Unit Cost Date Total Cost Qty. Qty. Qty. Unit Cost Total Cost Mar. 3 11 14 21 25 Balanc es V. Green Valley Bank sent Comstock Industries its end-of-month bank statement for July. The end of month balance by the bank is $11,237.. The end-of-month balance per company books is $11,135. The statement shows that a deposit for $4,250 is in transit at the end of the statement period. The statement also revealed that checks for $87, $105, and $95 are outstanding. Green Valley Bank collected a $4,000 note receivable plus $120 of interest revenue. The bank charges $20 for the collection service. The bank charges a monthly account fee of $35 Prepare a bank/account reconciliation. (worth 30 points)