Altira Corporation provides the following information related to its inventory during the month of August 2024...

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Altira Corporation provides the following information related to its inventory during the month of August 2024 August 1 Inventory on hand-3,000 units; cost $5.50 each. August & Purchased 12,000 units for $6.00 each. August 14 Sold 9,000 units for $12.50 each. August 18 Purchased 9,000 units for $6.10 each. August 25 Sold 10,500 units for $11.50 each. August 28 Purchased 6,000 units for $6.30 each. August 31 Inventory on hand-10,500 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 D Complete this question by entering your answers in the tabs below. ences FIFO LIFO Average Cost 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 the FIFO method Cost of Goods Available for Sale Cost of Goods Sold Periodic FIFO Ending Inventory Periodic FIFO FIFO Number of units Cost per unit Cost of Goods Available for Sale Number of units sold Beginning Inventory 3,000 $580 $ 17,430 Cost per unit 3,000 $5.00 5 Cost of Goods Sold Number of units in ending inventory 17.400 Purchases August 12.000 $600 72,000 12 000 $600 72,000 Cost Ending per unit Inventory 0 $500 $ $6.00 0. August 10 9.000 610 64.900 $6.10 $6.10 August 28 6.000 $630 37,000 05630 6.000 $630 37,000 Total 30.000 $ 182 100 15.000 09,400 6000 $ 37.800 LIFO > Complete this question by entering your answers in the tabs below. FIFO LIFO Average Cost Cost of Goods Available for Sale LIFO Cost Number of units per unit Cost of Goods Available for Sale Number of units wold 3,000 $5.00 $ 17,400 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 the LIFO method. Beginning Inventory Ending Inventory Periodic LIFO Number of units Cost Ending per unit Inventory 3.000 $5.00 $ 17,400 Cost of Goods Sold Periodic LIFO Cost per unit Cost of Goods Sold in ending inventory 0 $580 5 Purchases August 8 12.000 $600 72.000 $6.00 August 18 9000 $6.10 54,900 9,000 $6.10 54,900 5.6.00 of $6101 0 August 201 6,000 $630 37.000 6000 $630 37.000 0 $630 0 Total 30.000 182.100 15.000 $ 92,700 3000 $ 17.400 Complete this question by entering your answers in the tabs below. FIFO LIFO Average Cost cost method. 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 the Average Note: Round "Average Cost per Unit" to 2 decimal places. Cost of Goods Available for Sale Cost of Goods Sold Average Cost Average Com Number of units Unit COM Cost of Goods Available for Sale Number of units soldi per Unit Sold Ending Inventory Average Cost Number of Average Average Cost Cost of Goods units in ending Cost per Ending Inventory Inventory Beginning Inventory 3.000 $5.00 $ 17.400 Purchases August 12,000 $600 72.000 August 15 9,000 $610 54.900 August 28 6,000 $630 37.000 Total 30.000 182.100 607 $ 6075 Altira Corporation provides the following information related to its inventory during the month of August 2024 August 1 Inventory on hand-3,000 units; cost $5.50 each. August & Purchased 12,000 units for $6.00 each. August 14 Sold 9,000 units for $12.50 each. August 18 Purchased 9,000 units for $6.10 each. August 25 Sold 10,500 units for $11.50 each. August 28 Purchased 6,000 units for $6.30 each. August 31 Inventory on hand-10,500 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 D Complete this question by entering your answers in the tabs below. ences FIFO LIFO Average Cost 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 the FIFO method Cost of Goods Available for Sale Cost of Goods Sold Periodic FIFO Ending Inventory Periodic FIFO FIFO Number of units Cost per unit Cost of Goods Available for Sale Number of units sold Beginning Inventory 3,000 $580 $ 17,430 Cost per unit 3,000 $5.00 5 Cost of Goods Sold Number of units in ending inventory 17.400 Purchases August 12.000 $600 72,000 12 000 $600 72,000 Cost Ending per unit Inventory 0 $500 $ $6.00 0. August 10 9.000 610 64.900 $6.10 $6.10 August 28 6.000 $630 37,000 05630 6.000 $630 37,000 Total 30.000 $ 182 100 15.000 09,400 6000 $ 37.800 LIFO > Complete this question by entering your answers in the tabs below. FIFO LIFO Average Cost Cost of Goods Available for Sale LIFO Cost Number of units per unit Cost of Goods Available for Sale Number of units wold 3,000 $5.00 $ 17,400 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 the LIFO method. Beginning Inventory Ending Inventory Periodic LIFO Number of units Cost Ending per unit Inventory 3.000 $5.00 $ 17,400 Cost of Goods Sold Periodic LIFO Cost per unit Cost of Goods Sold in ending inventory 0 $580 5 Purchases August 8 12.000 $600 72.000 $6.00 August 18 9000 $6.10 54,900 9,000 $6.10 54,900 5.6.00 of $6101 0 August 201 6,000 $630 37.000 6000 $630 37.000 0 $630 0 Total 30.000 182.100 15.000 $ 92,700 3000 $ 17.400 Complete this question by entering your answers in the tabs below. FIFO LIFO Average Cost cost method. 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 the Average Note: Round "Average Cost per Unit" to 2 decimal places. Cost of Goods Available for Sale Cost of Goods Sold Average Cost Average Com Number of units Unit COM Cost of Goods Available for Sale Number of units soldi per Unit Sold Ending Inventory Average Cost Number of Average Average Cost Cost of Goods units in ending Cost per Ending Inventory Inventory Beginning Inventory 3.000 $5.00 $ 17.400 Purchases August 12,000 $600 72.000 August 15 9,000 $610 54.900 August 28 6,000 $630 37.000 Total 30.000 182.100 607 $ 6075