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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-3,500 units; cost 57.90 each
Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021 Aug.1 Inventory on hand-3,500 units; cost 57.90 each 8Purchased 19.000 units for $2.10 each 14 Sold 15,200 units for $13.80 each. 13 Purchased 11,400 units for $6.0 each 25 Sold 14,200 units for $12.30 each 28 Purchased 5,800 units for $5.50 each. 31 Inventory on hand 10.600 units. 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 lost in first-out (LIFO) Cost of Goods Available for Sale Cost of Goods Sold - August 14 Cost of Goods Sold - August 25 Inventory Perpetual LIFO: Cost per of units of units in Cost of Goods Available for Sale of units sold Cost Cost of per unit Goods Sold of units sold Cost per unit Cost of Goods Sold Total Cost of Goods Sold Cost Inventory Bog Inventory Purchases
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