Altira Corporation provides the following information related to its inventory during the month of August 2024 August 1 Inventory on hand2,600 units cost $6 70 each August 8 Purchased 13,000 units for $6 10 each August 14 Sold 10,400 units for $12 60 each August 18 Purchased 7,800 units for $5 60 each August 25 Sold 9,400 units for $11 60 each August 28 Purchased 4,600 units for $5 80 each August 31 Inventory on hand8,200 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) 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 $6 70 each August 8 Purchased 13,000 units for $6 10 each August 14 Sold 10,400 units for $12 60 each August 18 Purchased 7,800 units for $5 60 each August 25 Sold 9,400 units for $11 60 each August 28 Purchased 4,600 units for $5 80 each August 31 Inventory on hand 8,200 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)

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Altira Corporation provides the following information related to its inventory during the month of August 2024: August 1 Inventory on hand2,600 units; cost $6.70 each.

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

August 1	Inventory on hand2,600 units; cost $6.70 each.
August 8	Purchased 13,000 units for $6.10 each.
August 14	Sold 10,400 units for $12.60 each.
August 18	Purchased 7,800 units for $5.60 each.
August 25	Sold 9,400 units for $11.60 each.
August 28	Purchased 4,600 units for $5.80 each.
August 31	Inventory on hand8,200 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).

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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-2,600 units; cost $6.70 each. August 8 Purchased 13,000 units for $6.10 each. August 14 Sold 10,400 units for $12.60 each. August 18 Purchased 7,800 units for $5.60 each. August 25 Sold 9,400 units for $11.60 each. August 28 Purchased 4,600 units for $5.80 each. August 31 Inventory on hand-8,200 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)