Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021:

Aug.1Inventory on hand?3,200 units; cost $7.30 each.8Purchased 16,000 units for $6.70 each.14Sold 12,800 units for $13.20 each.18Purchased 9,600 units for $6.20 each.25Sold 11,800 units for $12.20 each.28Purchased 5,200 units for $5.80 each.31Inventory on hand?9,400 units.

Required:

1.Using calculations based on a perpetual inventory system, determine the inventory balance Altira would report in its August 31, 2021, balance sheet and the cost of goods sold it would report in its August 2021 income statement using the FIFO method.

rea Cuantitativa Semana 3 i Saved Help Say 10 Required information InvuIlu MVClayE CUSt PCI VIIIL TV 2 UCLIIIal PIQUES.) art 2 of 2 Inventory on hand Cost of Goods Sold Inventory Balance Perpetual Average # of units Cost per Inventory # of units Avg.Cost Cost of # of units in Cost per Ending unit Value sold per unit Goods Sold inventory unit inventory 4 ints Beginning Inventory Skipped Purchase - August 8 0 $ Sale - August 14 eBook Purchase - August 18 Hint 0 Print Sale - August 25 References Purchase - August 28 Total 0 $ 0 0 0 Graw cribe aqui para buscar Fi a Bb Aconnect.mheducation.com%252F///activity/questi... iva Semana 3 i Saved Help Save & Exit Submit Check my work Required: 1. Using calculations based on a perpetual inventory system, determine the inventory balance Altira would report in its August 31, 2021, balance sheet and the cost of goods sold it would report in its August 2021 income statement using the FIFO method. Cost of Goods Available for Sale Cost of Goods Sold - August 14 Cost of Goods Sold - August 25 Invento Perpetual FIFO: Cost of Cost per Goods # of Cost per Cost of # of units Cost per Cost of Total Cost of # of units # of units units Cos unit Available for sold unit Goods Sold sold unit Goods Sold Goods Sold in Sale inventory Beg. Inventory 3,200 $ 0.00 $ $ Purchases August 8 16,000 6.7 107.200 6.70 6.7 August 18 9.600 6.20 59,520 6.20 o 6.20 August 28 5,200 5.80 30,160 5.80 5.80 Total 34.000 196.880 0 $ 0 0 5 0 5 0 Prey 10 of 14 Next > 21:2 a Bb W ~ O X 1 ESP 27/7/20 a buscar