Prepare a bank reconciliation for XYZ on 11/30 Balance per books 11/30 9,920 Balance per bank 11/30 12,170 Deposit in Transit 1,500 Outstanding Checks 1,710 Bank Service Charge 190 Note Collected by bank 2,230 Inventory Question: prepare an income statement using: FIFO perpetual based on the following and LIFO perpetual based on the following and indicate the value of ending inventory under each scenario Date Purch Cost 1-Jan Beg Inven 10 20 1-Mar 10 25 1-Jun 10 28 1-Aug 10 30 1-Dec 10 31 50 Sales 1-Feb 8 1-May 11 15-Sep 8 15-Dec 1 28 All Sales were for $50 each Operating expense was $165