determine the ending inventory cost and the cost of goods sold by three methods round and trim calculations to one decimal and final answer to the nearest whole dollar.

the following data were accumulated for use in reconciling the bank account of creative design company for August 20Y6 prepare a bank reconciliation using a format shown an exhibit 13

cs d. 5 e. 5 7. EX.06.13.ALGO (Algorithmic) Periodic inventory by three methods, cost of goods sold The units of an item available for sale during the year were as follows: Jan. 1 Inventory 50 units at $112 Mar. 10 Purchase 70 units at $124 Aug. 30 Purchase 30 units at $132 Dec. 12 Purchase 50 units at $138 There are 60 units of the item in the physical Inventory at December 31. The periodic inventory system is used. Determine the ending inventory cost and the cost of goods sold by three methods. Round interim calculations to one decimal and final answers to the nearest whole dollar Cost of Ending Inventory and Cost of Goods Sold Inventory Method Ending Inventory Cost of Goods Sold First-in, first-out (FIFO) $ Last-in, first-out (LIFO) Weighted average cost 8. EX.07.18.ALGO (Algorithmic) Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 206 1. Cash balance according to the company's records at August 31, $17,920. 2. Cash balance according to the bank statement at August 31, $19,030. 3. Checks outstanding, $3,640. 4. Deposit in transit, not recorded by bank, $2,920. 5. A check for $270 in payment of an account was erroneously recorded in the check register as $720. 6. Bank debit memo for service charges, $60. a. Prepare a bank reconciliation, using the format shown in Exhibit 13. Creative Design Co. Bank Reconciliation August 31, 2016 Cash balance according to bank statement 5 Adjusted balance Cash balance according to company's records Adjusted balance b. If the balance sheet were prepared for Creative Design Co, on August 31, what amount should be reported for cash? 5 c. Must a bank reconciliation always balance (reconcile)? 9. EX.08.04.ALGO (Algorithmic) Entries for Uncollectible Receivables, using Allowance Method