Rearrange the following steps in the accounting cycle in proper sequence: a. a post-closing trial balance is prepared. b. adjustment data are asssembled and analyzed. c. adjusting entries are journalized and posted to the ledger. d. an adjusted trial balance is prepared. e. an optional end-of-period spreadsheet is prepared. f. an unadjusted trial balance is prepared. g. closing entries are journalized and posted to the ledger. h. financial statements are prepared. i. transactions are analyzed and recorded in the journal. j. transactions are posted to the ledger.

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.