Apple Inc began 20XS with 1,000 lbs of coffee. These units were purchased near the end of 204 for $100 each. During the month of January, 1000 units were purchased on January 8 for $110 each and another 500 units were purchased on January 19 for $115 each. Sales of 500 units and 1,000 units were made on January 10 and January 25, respectively. Apple Inc uses a periodic inventory system Place you anser in the designated yellow box for each question. Show your work below the yellow boxes Required: 1. Calculate Coes under a Fro Method at the end of January 2.Calculate COGS under a Ave Cost Method at the end of lanuary 3. Calculate COGS under a LIFO Cost Method at the end of Lanuary 4. Calculate ending inventory under a FIFO Method 5. Calculate ending Inventory under an average cost Method 6. Calculate ending inventory under a LIFO cost Method Apple had beginning Inventory of 100,000. Bobcat purchased 150,000 of inventory during the period. When Apple did it's periodic count at the end of the month, they had ending inventory of $110,000. What were Cost of Goods Sold for the month? Cost of Goods Sold mo COGS Ending Inventory Lower of Cost or NRV Allowance for Doubtful Acconti Determine the correct Inventory Balance base on the data below: Cost NRV Light Roast 100,000 125,000 Medium Roast 150,000 145,000 Dark Roast 150,000 160,000 Premium Roast 50,000 35,000 Total 450,000 465,000 Provide the adjusting Journal Entry if necessary The following information relates to a company's accounts receivable: accounts receivable balance at the beginning of the year, $10,000; allowance for uncollectible accounts at the beginning of the year, $1,000 (credit balance); credit sales during the year, $20,000; accounts receivable written off during the year, $1,000; cash collections from customers, $15,000. Assuming the company estimates that future bad debts will equal 10% of the year-end balance in accounts receivable. Calculate the necessary Bad Debt Expense Entry for the period and make the appropriate journal entry for bad debt expense and any write offs that may have occurred? Bad Debt Expense Journal Entries