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Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021 Aug.1 Inventory on hand-3, 400 unita: cost $7.50
Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021 Aug.1 Inventory on hand-3, 400 unita: cost $7.50 each. B Purchased 17.000 units for $6.90 each. 14 Sold 13,600 units for $13.40 each. 18 Purchased 10.200 units for $6.40 each. 25 Sold 12,600 units for $12.40 each. 28 Purchased 5,400 units for $5.80 each. 31 Inventory on hand-9,800 unite. 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 last-in, first-out (LIFO) Cost of Goods Available for Sale Cost of Goods Sold August 14 Cost of Goods Sold August 25 Inventory Bals petua UFO: Cost per Cost per unit w of units Cost of Goods Available for Sale w of units sold Cost per unit Cost per Co ol Goods Sold of units told Cost of Goods Sold Total Cost of Goods Sold Fof units in ending inventory unit 3.400 $7.50 $ 25.500 $ 750 $ 0 $ 750 $ $ 7.50 ig Inventory urchases August 8 August 18 August 28 tal 17.000 10.200 5.400 36,000 6.90 6.40 5.0 6.90 6:40 6.90 6.40 5.80 117300 65 280 31 320 239.400 0 0 0 5.90 640 5.80 5.80 $ O 0 0 5 5 0 5
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