Given Information Unit Cost Units Extended Cost 3,600.00 400 9.00 $ Beginning Inventory 1/1/200X Purchases 2/6/2007 5/19/200x 8/12/2007 10/4/2007 Avaliable for Sale 300 500 400 400 2,000 8.40 7.56 7.00 6.75 2,520.00 3,780.00 2,800.00 2,700.00 15,400.00 Units 1,300 Weighted Avg Revenue 30,000.00 LIFO FIFO Total year sales (Revenue) Fill in the following boxes: Value of Ending Inventory Cost of Goods Sold Gross Profit Accounts Receivable (gross) at 12/31/2002 is the following aged: Target Allowance (% they don't think they can collect) 5% Age 1-30 days 31-60 days 61-90 days over 90 days Total A/R $ $ $ $ $ Amount 60,000 40,000 30,000 10,000 140,000 10% 50% 90% 5 Based on the above schedule, how much should they have in the Allowance for Doubtful accounts