Question: 2 GDE Company has the following inventory, purchases, and sales data for the month of March. Inventory: March 1 200 units @ Tk.4.00 Tk.800 Purchases: March 10 March 20 March 30 500 units @ Tk.4.50 400 units @ Tk.4.75 300 units @ Tk.5.00 2,250 1,900 1,500 Sales: March 15 March 25 500 units 400 units The physical inventory count on March 31 shows 500 units on hand. Instructions: Under a periodic inventory system, determine the cost of inventory on hand at March 31 and the cost of goods sold for March under (a) FIFO, (b) LIFO, and (c) Average-cost. Question: 3 Prepare Bank reconciliation report and journalize the necessary adjustments as of March 31st, 2021 for Company "A"; its bank statement for March shows the following data: $15,650 Balance March 1 Debit memorandum: NSF check Balance March 31 $17,580 Credit memorandum: Collection of note receivable $605 $275 The cash balance per books at March 31st is $16,319. Other relevant data are given below: 1. The NSF check was from a customer, 2. The note collected by the bank was a $600, 3 month, 12% note. The bank charged a $13 collection fee. No interest has been accrued. 3. Outstanding checks at March 31st total $2460. 4. Deposits in transit at March 31st total $1802. 5. A check for $552, dated March 10, cleared the bank on March 25, was recorded by the company for a payment on account, for $525. 6. Bank has by mistake credited $300 in Company's account which belongs to another company Page 12