Altira Corporation provides the following information related to its inventory during the month of August 2024 : August 1 Inventory on hand-5, 469 units; cost $7.99 cach. August a Furchased 21,6e9 units for $7.20 aach. August 14 Sold 16,290 units tar $13.70 quch. August 18 purctinked 16,260 urile lue $7.30 pak. August 25 gold 18,99 anits far \$12.30 warh. Sucust 28 purchased 16,860 units for 57.50 each. August 31 Inventory on hand-18, 990 units. Required: Using calculalions based on a periodic inverlory syslem, delemine the inventory balance Allira would reporl ir its Augusl 31,2024. balarece shecl and the cost of gouds sold il mould reporl in ils August 2024 income stalemertl using each of lhe lollowing cusl fluw rrictlods. Complete this question by entering] your answers in the tahs helow. Altira Corporation provides the following information related to its inventory during the month of August 2024: August 1 Inventary on hand- 3,460 units; cost $y.ed esch. August 8 Purchased 21,660 units for $7.20 each. Muguat 14 seld 16,200 unite for $13.70 a ach. August 18 Purchssed 16,209 unite for $1.39 each. August 25 Sold 16,966 units for $12.70 each. Meuat 28 Purchased 16,38 anits far \$7.56 parh. August 11 Inventary on hand-14, you unite. 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 : Auguat 1 Inventory on hand-5,490 units; cost $7.90 evch. August \& Purchenwi. 21, Bah units lar $7.29 wath. August 14 Sold 16,298 units for $13.79 each. August 18 Furchased 16,290 units for $7.39 each. August 28 Purchased 10,890 units for 37.50 eoch, August 31 Inventory on hand-18,92e units. Required: Using calculations based on a periodic inventory system, determine the inventory balance Altira would report in its August 31,2024. halance sheet and the cost of goods s.ld it would repoit in its Aughust 2021 income statement using ear.h of the following cost flow methods. Complete this question by entering your answers in the tabs below. Determine the inventary balance Altira would report in its August 31, 2024, balance sheet and the cost af goxds sokd it would report in its: August 2024 income statement using the Average cost method. Note: Round 'Average Cost per Unit' to 2 decimal places
