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Altira Corporation provides the following information related to its inventory during the month of August 2 0 2 4 :Using calculations based on a perpetual
Altira Corporation provides the following information related to its inventory during the month of August :Using calculations based on a perpetual inventory system, determine the inventory balance Altira would report in its August balance sheet and the cost of goods sold it would report in its August income statement using the Average cost method.Note: Round "Average Cost per Unit" to decimal places. tableInventory on hand,Cost of Goods Sold,Inventory Balance,Perpetual Average,tableNumberof unitstableCost perunittableInventoryValuetableNumberof unitssoldtableAverageCost perunittableCost ofGoods SoldtableNumber ofunits ininventorytableCost perunittableEndinginventoryBeginning Inventory,,,,,,,,,Purchase August Sale August Purchase August Sale August Purchase August TotalAltira Corporation provides the following information related to its inventory during the month of August :Altira Corporation provides the following information related to its inventory during the month of August :Required: Using calculations based on a perpetual inventory system, determine the inventory balance Altira would report in its August balance sheet and the cost of goods sold it would report in its August income statement using the FIFO method. tabletablePerpetual FIFO:Beginning InventoryCost of Goods Available for Sale,Cost of Goods Sold August Cost of Goods Sold August tableTotal Cost ofGoods SoldInventory BalancetabletableNumber ofunitstableCost perunittableCost ofGoodsAvailable forSaletabletableNumberof unitssoldtableCost perunittableCost ofGoods SoldtableNumberof unitssoldtableCost perunittableCost ofGoods SoldtableNumber ofunits ininventorytableCost perunittableEndingInventory$$$$$ August Inventory on hand units; cost $ each. August Purchased units for $ each. August Sold units for $ each. August Purchased units for $ each. August Sold units for $ each. August Purchased units for $ each. August Inventory on hand units. Required: Using calculations based on a perpetual inventory system, determine the inventory balance Altira would report in its August balance sheet and the cost of goods sold it would report in its August income statement using the FIFO method.
Altira Corporation provides the following information related to its inventory during the month of August :Using calculations based on a perpetual inventory system, determine the inventory balance Altira would report in its August balance sheet and the cost of goods sold it would report in its August income statement using the Average cost method.Note: Round "Average Cost per Unit" to decimal places.
tableInventory on hand,Cost of Goods Sold,Inventory Balance,Perpetual Average,tableNumberof unitstableCost perunittableInventoryValuetableNumberof unitssoldtableAverageCost perunittableCost ofGoods SoldtableNumber ofunits ininventorytableCost perunittableEndinginventoryBeginning Inventory,,,,,,,,,Purchase August Sale August Purchase August Sale August Purchase August TotalAltira Corporation provides the following information related to its inventory during the month of August :Altira Corporation provides the following information related to its inventory during the month of August :Required:
Using calculations based on a perpetual inventory system, determine the inventory balance Altira would report in its August balance sheet and the cost of goods sold it would report in its August income statement using the FIFO method.
tabletablePerpetual FIFO:Beginning InventoryCost of Goods Available for Sale,Cost of Goods Sold August Cost of Goods Sold August tableTotal Cost ofGoods SoldInventory BalancetabletableNumber ofunitstableCost perunittableCost ofGoodsAvailable forSaletabletableNumberof unitssoldtableCost perunittableCost ofGoods SoldtableNumberof unitssoldtableCost perunittableCost ofGoods SoldtableNumber ofunits ininventorytableCost perunittableEndingInventory$$$$$
August Inventory on hand units; cost $ each.
August Purchased units for $ each.
August Sold units for $ each.
August Purchased units for $ each.
August Sold units for $ each.
August Purchased units for $ each.
August Inventory on hand units.
Required:
Using calculations based on a perpetual inventory system, determine the inventory balance Altira would report in its August balance sheet and the cost of goods sold it would report in its August income statement using the FIFO method.
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