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Jade Co. has the following units and costs: Units Unit Cost Inventory, January 1 20 $10 Purchase, January 5 40 $11 Purchase, January 15 40
Jade Co. has the following units and costs: Units Unit Cost Inventory, January 1 20 $10 Purchase, January 5 40 $11 Purchase, January 15 40 $12 Purchase, January 25 50 $13 Note: Round answer to nearest whole number, Assume 114 units were sold in the month of January. The Cost of Goods Sold under FIFO using a periodic inventory system is $ if necessary. Do not include dollar signs, decimals, or commas in your answer. Jade Co. writes five checks in November for a total of $10,000 but they do not show up on the November bank statement. How would these checks be treated on the bank reconciliation? O A. Add to the bank balance. B. Subtract from the company balance. C. Add to the company balance. D. Subtract from the bank balance
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