Three identical units of merchandise were purchased during July, as follows: Product Basic H Units Cost Purchase 1 35 Purchase 1 36 Purchase 1 37 3 $108 $36 Average cost per unit Assume one unit sells on July 28 for $45. Determine the gross profit, cost of merchandise sold, and ending inventory on July 31 using the (a) first-in, first-out, (b) last-in, first-out, and (c) average cost flow methods. 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 CBC has accounts receivable at year end 620,000.00 credit Balance in allowance for doubtful accts 12,400.00 balance Sales on account for the year were 868,000.00 The company uses the % of receivables allownace method for bad debt Prepare the journal entry for bad debt expense at year end if 3% is the expected bad debt