If you could answer all 4 that would be greatly appreciated, thanks.

1.

Salmone Company reported the following purchases and sales of its only product. Salmone uses a periodic inventory system. Determine the cost assigned to the ending inventory using FIFO.

Date	Activities	Units Acquired at Cost	Units Sold at Retail
May 1	Beginning Inventory	330 units @ $18
5	Purchase	310 units @ $20
10	Sales		230 units @ $28
15	Purchase	190 units @ $21
24	Sales		180 units @ $29

• $7,750

• $8,590

• $8,380

• $7,540

• $16,130

2.

Sandoval needs to determine its year-end inventory. The warehouse contains 26,000 units, of which 3,600 were damaged by flood and are not sellable. Another 2,600 units were purchased from Markor Company, FOB shipping point, and are currently in transit. The company also consigns goods and has 4,600 units at a consignee's location. How many units should Sandoval include in its year-end inventory?

• 29,600

• 27,000

• 24,400

• 33,200

• 36,800

3.

A company has $93,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. Experience suggests that 5% of outstanding receivables are uncollectible. The current balance (before adjustments) in the allowance for doubtful accounts is a(n) $830 credit. The journal entry to record the adjustment to the allowance account includes a debit to Bad Debts Expense for:

• $4,609

• $5,480

• $4,650

• $3,820

• $4,692

4.

In the process of reconciling its bank statement for January, Maxi's Clothing's accountant compiles the following information:

Cash balance per company books on January 30	$	5,225
Deposits in transit at month-end	$	1,900
Outstanding checks at month-end	$	570
Bank service charges	$	30
EFT automatically deducted monthly, not yet recorded by Maxi	$	480
An NSF check returned on a customer account	$	315

The adjusted cash balance per the books on January 31 is:

• $5,730

• $5,255

• $6,300

• $4,400

• $5,420