Q. 5 The following data are available for X Company at September, assume sold 100 units. Date Sept. 1 Explanation Units Unit Cost Inventory 26 $97 Total Cost $2,522 Sept. 12 Purchases 45 102 4,590 Sept. 19 Purchases 20 104 2,080 Sept. 26 Purchases 50 105 5,250 Totals 141 $14,442 Required: Compute the ending inventory at September 30 and cost of goods sold using the LIFO method. Prove the amount allocated to cost of goods sold. Q. 6 ABC Corporation is preparing a bank reconciliation and has identified the following potential reconciling items. For each item, indicate if it is (1) added to balance per bank statement, (2) deducted from balance per bank statement, (3) added to balance per books, or (4) deducted from balance per books. (a) Deposit in transit $5,500. (b) Bank service charges $25. (c) Interest credited to Horton's account $31 (d) Outstanding checks $7,422 (e) NSF check returned $377.