Puestion 7 The actual recording of cost of goods sold matches the physical flow of goods using which method?: lot yet nswered oints out of 00 - Flag Select one: a. Specific Identification b. FIFO periodic c. FIFO perpetual d. Average Cost cuestion uestion 8 In preparing its August 31 bank reconciliation, Reinstein Corp. has available the following balance per books and reconciling items: ot yet nswered oints out of 200 Balance per books Deposit in transit Return of customer's check for insufficient funds Outstanding checks Bank error erroneous credit (an addition) recorded $ 18,050 3.250 600 2750 100 Flag uestion The 8/31 correct balance of cash is: Select one: a. $19,250 b. $19,050 c. $17,360 d. $17,850 e. $17,450