LMerchandise Inventory erchandise Inventory Sales Revenue 4,2 5. Under the last-in, first-out (LIFO) method, the cost of goods sold is based on the oldest purchases. Tor F Answer 6-10 The following information is needed to reconcile the cash balance for Natural Landscaping Services A deposit of $5,800 is in transit. Outstanding checks total $1,500. The book balance is $6,800 at February 28, 2019. The bookkeeper recorded a $1,740 check as $17/400 in payment of the current month's rent. The bank balance at February 28, 2019 was $18,000. A deposit of $400 was credited by the bank for $4,000. A customer's check for $3,700 was returned for nonsufficient funds. The bank service charge is $60. . Use the Next Page for your reconciliation) Alt Fn Based on this information, 28, 2019. Answer prepare a bank reconciliation for Natural Landscaping Services as of February Bank Book