Altira Corporation provides the following information related to its inventory during the month of August 2024 : August 1 Inventory on hand-2,600 units: cost $5.30 each. August 8 Purchased 8 , eee units for 55,50 each. Aagust 14 sold 6 , e0e units for $12. e0 each. August 18 Purchased 6 , eve units tor $5,60 each. August 25 Sold 7, ese units for $11. e0 each. August 28 Purchased 4,600 units for $5,80 each. August 31 Inventory on hand-7, eed units. Using calculations based on a periodic inventory system, determine the inventery bolance Altira would report in iss August 31,2024, Required: 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 Atira would report in its Auguat 31, 2024, balance sheet and the cest of ooods sold it would report in its August 2024 inceme stat mathud Altira Corporation provides the following information related to its irventory during the month of August 2024: August I Inventory on hand-2,09e units; cost 55.36 each. August 8 Purchased 8,020 units for 55.50 each. August 14 sold 6, e.0 units for $12.e0 each. August 18 Purchased 6,000 units for $5.60 each. August 25 sold 7 , ee0 units for $11.00 each. August 28 Purchased 4 , pee units for $5,89 each. August 31 Inventory on hand-7,ees units. Required: Using colculations based on a periodic irventory system, determine the inventory balance Aliro would report in its August 31, 2024. bolance sheet and the cost of goods sold 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 invemory balance Atiro would report in is August 31, 2024, balance sheet and the cost of goods sold it would report in its August 2024 income statement using the Lifo method. August 1 Inventory on hand-2, e3 units; cost $5.30 each. August 8 Purchased 8,080 unats tor $5.56 each. August 14 sold 6 , 220 units for $12.00 each. August 18 Purchased 6 , 09e units for $5.60 each. August 25 5old 7 , 8e0 units for $11,00 each. August 28 Purchased 4, e0e units for $5.8e each. August 31 Inventory on hand-7, 0e0 unats. 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. Determine the inventory balance Altira would report in its August 31, 2024, batance sheet and the cost of goods sold it would report in its August 2024 income statement using the Average cost method. Note: Round "Average Cost per Unit" to 2 decimal places
