8-14 (Algo) Inventory cost flow methods; perpetual system (LO8-1, 8-4] wing information applies to the questions displayed below.) oration provides the following information related to its inventory during the month of August 2024: Inventory on hand-3,000 units; cost $7.10 each. Purchased 15,000 units for $6.50 each. Sold 12,000 units for $13.00 each. Purchased 9,000 units for $6.00 each. Sold 11,000 units for $12.00 each. Purchased 5,000 units for $5.80 each. Inventory on hand-9,000 units.. (Algo) Part 1 lons based on a perpetual inventory system, determine the inventory balance Altira would report in its August 31, heet and the cost of goods sold it would report in its August 2024 income statement using the FIFO method. Check Cost of Goods Available for Sale Cost of Number of Cost per Goods units unit Available for Cost per unit Cost of Goods Sold - August 14 Number of units sold Cost of Goods Sold-August 25 beventary Balance Cost of Goods Sold Number of units Cost per unit Cost of Goods Sold Total Cost of Goods Sold soldi Number of units in Inventory Cost per unl Ending Inventsiy Sale ry 3,000 $ 7.10 $ 21,300 3,000 $ 7.10 $ 21,300 $ 7.10 $ 0 $ 7.10 3 D 15,000 6.50 97,500 6.50 6.50 650 9,000 6.00 54,000 6.00 0 6.00 6.00 5,000 5.80 29,000 5.80 5.80 5.00 32.000 $201,800 3,000 $ 21,300 0 $ 0 $ 21,300 S Next>