Casilda Company uses the aging approach to estimate bad debt expense. The ending balance of each account receivable is aged on the basis of three time periods as follows: 1) not yet due, $17,300, (2) up to 120 days past due, $6,700, and (3) more than 120 days past due, $3,400. Experience has shown that for each age group, the average loss rate on the amount of the receivables at year-end due to uncollectibility is (1) 2 percent, (2) 14 percent, and (3)35 percent, respectively. At the end of the current year, the Allowance for Doubtful Accounts balance is $600 (credit) before the end-of-period adjusting entry is made. Required: What amount should be racorded as Bad Debt Expense for the crent year? (Enter your answers as a whole percentage (i.e., 0.12 should be entered as 12).) Est Percentag Uncollectible Estimated Amount Aged Accounts Receivable Uncollectible Not yet due Up to 120 days past due Over 120 days past due Estimated balance in Current balance in allowance for doubtful accounts Bad debt expense for the yea allowance for doubtful accounts Penn Company uses a periodic inventory system. At the end of the annual accounting peod December 31 of the current year, the accounting records provided the following information for product 1 Units Unit Cost Inventory, Deoember 31, prior year For the current year 3,600 6,600 8,800 $13.00 14.00 4.00 Purchase, March 21 Purchase, August 1 Inventory, Deoember 31, current year Required Compute ending inventory and cost of goods sold for the current year under FIFO, LIFO, and average cost inventory costing methods. (Do not round "Average cost per unit" and round your final answers to nearest whole dollar amount.) FIFO LIFO Average Cost Ending inventory Cost of goods sold