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Altira Corporation uses a perpetual inventory system. The following transactions affected its merchandise inventory during the month of August 2016: Aug.1 Inventory on hand4,000 units;

Altira Corporation uses a perpetual inventory system. The following transactions affected its merchandise inventory during the month of August 2016:

Aug.1 Inventory on hand4,000 units; cost $8.10 each.
8 Purchased 20,000 units for $7.50 each.
14 Sold 16,000 units for $14.00 each.
18 Purchased 12,000 units for $7.00 each.
25 Sold 15,000 units for $13.00 each.
31 Inventory on hand5,000 units.
Required:

Determine the inventory balance Altira would report in its August 31, 2016, balance sheet and the cost of goods sold it would report in its August 2016 income statement using each of the following cost flow methods: (Round "Average Cost per Unit" to 2 decimal places.)

>>>>> PLEASE PROVIDE THE AMOUNTS MISSING AS THEY CORRESPOND TO THEIR LABEL IN THE BELOW TABLE. (EXAMPLE: A1 = $5,000, B2 = $10,000, C3 = $15,000)

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Answer is complete but not entirely correct. Cost of Goods Sold - August 14 Cost of Goods Sold - August 25 Inventory Balance Perpetual Cost of Goods Available for Sale Cost of Cost #of Goods per units Available unit for Sale 4,000 58 10 $ 32,400 #of units sold Cost Der unit Cost of Goods Sold # of units sold Cost per unit Cost of Goods 1 Sold # of units in ending inventory per unit Ending Inventory 4.000s 810 $ 32,400 O S 8 10 S 0 OS 8 10 S 0 Inventory Purchases August 8 August 18 20,000 12,000 36,000 7.50 700 150,000 84,000 S 266,400 12,000 7.50 107.00 16.000 90.000 A 7.50 O A2037.00 $ 122.4000 0 5,000 750 700 35,000 35,000 Total $ Answer is complete but not entirely correct. Cost of Goods Available for 1 Cost of Goods Sold - August Cost of Goods Sold - August 25 Inventory Balance Perpetual UFO: Cost #of Cost #of units per Cost of Goods Available for Sale 5 32,400 Cost of Goods Sold #of units sold Cost per unit Cost of Goods Soid # of units in ending inventory Cost per unit 1 Ending Inventory soid unit 4,000 58 10 10S 8 10 S 0 0 $ 8.10 $ 0 4000 S 8.10 $ 32,400 Beg Inventory Purchases: August 8 August 18 Total 0 20,000 12.000 36,000 7.50 7.00 150,000 84.000 266,400 B 0 7.50 700 B20 630 7.50 700 B4 0 750 0 7 .00 4,000 L O S D $ 32,400 Perpetual Average Inventory on hand Cost Inventory per Value # of units Beginning Inventory Purchase - August CIOS 8 10 C20 S 7.50 Subtotal Average Answer is complete but not entirely correct. Cost of Goods Sold Inventory Balance #of # of units Cost of Avg.Cost Cost Ending 1 Goods units in ending per unit sold per Sold inventory unit inventory 08 0 C90 052 CIOs 0.00 C40SC60.00 CIl 0 C12 CIOZ C130S 0.00 (50 C70.00 CAZ S 0 C140 S 0.00 Sale - August 14 Subtotal Average Purchase - August C30 S 7.00 Subtotal Average Cost Sale - August 25 Total

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