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Altira Corporation uses a periodic Inventory system. The following Information related to its merchandise Inventory during the month of August 2018 is avallable: Aug.1 Inventory
Altira Corporation uses a periodic Inventory system. The following Information related to its merchandise Inventory during the month of August 2018 is avallable: Aug.1 Inventory on hand-3,88 units; cost $7.6 each. 8 Purchased 23,880 units for $6.8 each 14 Sold 17,90e units for $13.3 each 18 Purchased 12,58e units for $6.3 each. 25 Sold 16,808 units for $12.38 each 31 Inventory on hand-5,58 units Required Determine the Inventory balance Altira would report in its August 31, 2018, balance sheet and the cost of goods sold It would report In Its August 2018 Income statement using each of the following cost flow methods
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