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Question 6 5 Points Almalki Company's inventory records show the following data for the month of September: Units Unit Cost Inventory, September 1 100 $3.00

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Question 6 5 Points Almalki Company's inventory records show the following data for the month of September: Units Unit Cost Inventory, September 1 100 $3.00 Purchases: September 8 450 3.50 September 18 300 3.70 A physical inventory on September 30 shows 200 units on hand, and 650 units were sold. Instructions Calculate the value of ending inventory and cost of goods sold under a periodic inventory system using: a) FIFO method b) Weighted average cost method Question 8 5 Points Part1: Record the following transactions for Alzahrani Company: 1. On April 12, sold $17,000 of merchandise to Hauser Inc., terms 2/10, n/30. 2. On April 15, Hauser returned $2,000 of merchandise. 3. On April 20, Hauser paid for the merchandise. Part2: Compute bad debts expense based on the following information and prepare the adjusting entry: If the company estimates that 1% of net credit sales will become uncollectible. Sales are $600,000, sales returns and allowances are $30,000, and the allowance for doubtful accounts has a $6,000 credit balance. Use the editor to format your

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