On December 1, 2022, Bonita Company had the account balances shown below. Cash Accounts Receivable Inventory Equipment *(4,600 x $0.60) Dec. 3 1. N 5 2. 7 The following transactions occurred during December: 17 Adjustment data: 22 Debit $5,300 4,000 2,760 23,000 $35,060 Accumulated Depreciation-Equipment Accounts Payable Owner's Capital Credit Recognized accrued salaries payable $400. Recognized depreciation $400 per month. $1,300 3,600 30,160 Purchased 4,800 units of inventory on account at a cost of $0.74 per unit. Sold 5,300 units of inventory on account for $0.90 per unit. (Bonita sold 4,600 of the $0.60 units and 700 of the $0.74.) Granted the December 5 customer $150 credit for 200 units of inventory returned costing $100. These units were returned to inventory. Purchased 2,300 units of inventory for cash at $0.80 each. Sold 3,600 units of inventory on account for $0.95 per unit. (Bonita sold 3,600 of the $0.74 units.) $35,060

On December 1,2022, Bonita Company had the account balances shown below. (4,600$0.60) The following transacthos occurred during December: Dec. 3 Purchased 4,800 units of inventory on account at a cost of $0.74 per unit. 5 Sold 5,300 units of inventory on account for $0.90 per unit. (Bonita sold 4,600 of the $0.60 units and 700 of the $0.74.) 7 Granted the December 5 customer $150 credit for 200 units of inventory returned costing $100. These units were returned to inventory. 17 Purchased 2,300 units of inventory for cash at $0.80 each. 22 Sold 3,600 units of inventory on account for $0.95 per unit. (Bonita sold 3,600 of the $0.74 units.) Adjustment data: 1. Recognized accrued salaries payable $400. 2. Recognized depreciation $400 per month. (e) Compute ending inventory and cost of goods sold under FIFO, assuming Bonita Company uses the periodic inventory system. Ending Inventory Cost of Goods Sold eTextbook and Media List of Accounts Attempts: 0 of 5 used (f) Compute ending inventory and cost of goods sold under LIFO. assuming Bonita Company uses the periodic inventory system. Ending Inventory Cost of Goods Sold $ eTextbook and Media List of Accounts Attempts: 0 of 5 used