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

August $1$ Inventory on hand$2,000$ units; cost $$5\mathrm{.}30$ each.

August $8$ Purchased $8,000$ units for $$5\mathrm{.}50$ each.

August $14$ Sold $6,000$ units for $$12\mathrm{.}00$ each.

August $18$ Purchased $6,000$ units for $$5\mathrm{.}60$ each.

August $25$ Sold $7,000$ units for $$11\mathrm{.}00$ each.

August $28$ Purchased $4,000$ units for $$5\mathrm{.}80$ each.

August $31$ Inventory on hand$7,000$ units.

Using calculations based on a perpetual 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 last$-$in$,$ first$-$out $($LIFO$).$mework $($i$)$

Sswed

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

August $1$ Inventory on hand$-2,000$ units; cost $$5,30$ each.

August $8$ Purchased $8,B0$ units for $$5,50$ esch.

August $14$ Sold $6,000$ units for $$12\mathrm{.}90$ each.

August $18$ Purchased $6,000$ units for $$5\mathrm{.}60$ each.

August $255$old $7,008$ units for $$11\mathrm{.}00$ each.

August $28$ Purchased $4,000$ units for $$5\mathrm{.}80$ each.

August $31$ Inventory on hand$-7,08$e untts.

Using calculations based on a perpetual inventory system, determine the inventory balance Altira would report In its August $31,2024.$ balance sheet and the cost of goods sold it yould report in its August $2024$ income statement using last$-$in$,$ first$-$out $($LIFO$).$

Prey

$9$ of $11$

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