Altira Corporation provides the following information related to its imventory during the month of August 2024 : August 1 Inventory on hand-5,20e units; cost $7.20 each. August 8 Purchased 23,200 units for 37.40 each. August 14501d17,400 units for $13,90 each, August it Purchased 17,400 units for $7.90 each. August 25 . Sold 20,300 units for $12.90 each. August 25 Purchased 11, 6ee units for 87.70 each. August 31 inventory on hand-20,390 inits. Required: Using caiculations based on a periodic inventory system, determine the inventory balance Aitira would report in its August 31,2024 , balance sheet and the cost of goods sold st would report in its August 2024 income statement using each of the following cost llow methods: Complete this question by entering your answers in the tabs below. Altira Corporation provides the following information related to its inventory during the month of August 2024. August 1 Imventory on hand- 5,800 units; cost 87.20 each. August 8 Purchased 23,200 units for $7,40 esch. August 14 Sold 17,400 units for $13,90 esch. August 18 Purchased 17,400 units for $7,50 each. August 25 5old 20 , 300 units for $12.90 each. August 28 Purchased 11,609 units for $7.79 each. August 31 inventory on hand-20, 300 units. Required: Using calculations based on a periodic inventory system, determine the inventory balance Altira would report in its August 31,2024 , balance sheet and the cost of goods sold it would report in its August 2024 income statement using each of the following cost flow methods. Complete this question by entering your answers in the tabs below. Altira Corporation provides the following information related to its inventory during the month of August 2024 Augast 1 Inventory on hand 5,800 units; cost $7.20 each. August a Purchased 23,200 units for $7.40 each. August 14 sold 17,400 units for $13.90 each. August 16 Purchased 17,490 units for $7,50 each. August 25 sold 20, 300 units for 512.90 each. August 28 Purchased 11,600 units for $7.70 each. August 31 Inventory on hand 20,300 units. Required: Using calculations based on i periodic inventory system, detemine the inventory balance Altira would report in its August 31,2024. balance sheet and the cost of goods sold it would report in its August 2024 income statement using each of the following cost flow methods. Complete this question by entering your answers in the tabs below. Determine the inventory balance Altifa would report in its August 31,2024 , balance sheet and the cost of goods sold it would report in its August 2024 inc cost method. Note: Round "Average Cost per Unit" to 2 decimal places
