The cash account of gate city security systems reported a balance of $ 2 comma 520 at december 31, 2018. there were outstanding checks totaling $ 400 and a december 31 deposit in transit of $ 200. the bank statement, which came from tri cities bank, listed the december 31 balance of $ 3 comma 350. included in the bank balance was a collection of $ 640 on account from nicole lee, a gate city customer who pays the bank directly. the bank statement also shows a $ 20 service charge and $ 10 of interest revenue that gate city earned on its bank balance. prepare gate city's bank reconciliation at december 31.

Waterway company’s record of transactions for the month of april was as follows. purchases sales april 1 (balance on hand) 672 @ $6.00 april 3 560 @ $11.00 4 1,680 @ 6.08 9 1,568 @ 11.00 8 896 @ 6.41 11 672 @ 12.00 13 1,344 @ 6.51 23 1,344 @ 12.00 21 784 @ 6.61 27 1,008 @ 13.00 29 560 @ 6.79 5,152 5,936 (a) calculate average-cost per unit. (b) assuming that periodic inventory records are kept in units only, compute the inventory at april 30 using lifo and average-cost. (c) assuming that perpetual inventory records are kept in dollars, determine the inventory using (1) fifo and (2) lifo. (d) compute cost of goods sold assuming periodic inventory procedures and inventory priced at fifo.