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Alte Corporation provides the following information related to its merchandise inventory during the month of August 2021 ul Tentary on hand-2,000 its cost 15.30 each
Alte Corporation provides the following information related to its merchandise inventory during the month of August 2021 ul Tentary on hand-2,000 its cost 15.30 each Purchased units for $5.50 each 14 Sold 6,000 units for 512.00 each I Purchase it for 15.6 sach 25 sold 7.000 units for $11.00 each 21 Purchased 4.00 wita for $5.00 each 11 Inventory on hand-7.000 units Cost Cost per Using calculations based on a perpetual inventory system, determine the inventory balance Altira would report in its August 31, 2021 balance sheet and the cost of goods sold it would report in its August 2021 income statement using last.in first-out (LIFO). Cestwood Avaliteter le Cortof Goods Sold August 14 Cost of Goods Sold August 25 ventory Balance Cost of #of of units Cost of Bol units Cost per Costot Total Conto Alt for Ending Goods Sold sold unit Goods Sold In ending Goods Sold laventory unir Inventory Begin 2.000 53015 10.50 5 5305 0 $ 5305 $ 530 Parth Aga 550 44000 550 Awal 18 6.100 560 33.600 5.50 5.50 g 5.60 4.000 530 23.200 5.60 0 5.80 5.80 20.000 1111100 5 0 O ols 0 $ 9 550 Ole 5.80
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