Altura Corporation provides the following information related to its merchandise inventory during the month of August 2021 1 Inventory on hand-2.900 units cost 56.20 each 8 Purchased 14.500 units for 56.40 each 14 Sold 11,600 units for $12.99 each. 15 Purchased 8,700 units for $6.50 each. 25 Sold 10.00 units for $11.00 each 28 Purchased 4.100 units for $5.50 wach, 31 Intory on hand-,000 units. Required: Using calculations based on a periodic inventory system determine the inventory balance Aitra would report ins August 31 2021 balance sheet and the cost of goods sold it would report in its August 2021 income statement using each of the following cost How methods Complete this question by entering your answers in the tabs below. FIR LIFO Average Cost Determine the inventory balance Atira would report in its August 31, 2021, balance sheet and the cost of goods sold it would reportinis August 2021 Income statement using the FIFO method. dos perto dedicat places) Goods for Sale C Cast of Goods Available for Sale 2.500 56205 9.500 Cost of Good Sodelodie FIFO of units sold Cost Cost of Goods per un Sold $ 620 Ending Invent Periodic FIFO CO Ending pory S620 Baging intory Pancha Aug August 28 Total 14500 56.40 700 S 650 1500 150 31 00 92 800 56550 28.420 195750 56:40 5 6.50 5840 $ 6.50 + 5 55.00 LFO > Altura Corporation provides the following information related to its merchandise inventory during the month of August 2021 1 Inventory on hand-2.900 units cost 56.20 each 8 Purchased 14.500 units for 56.40 each 14 Sold 11,600 units for $12.99 each. 15 Purchased 8,700 units for $6.50 each. 25 Sold 10.00 units for $11.00 each 28 Purchased 4.100 units for $5.50 wach, 31 Intory on hand-,000 units. Required: Using calculations based on a periodic inventory system determine the inventory balance Aitra would report ins August 31 2021 balance sheet and the cost of goods sold it would report in its August 2021 income statement using each of the following cost How methods Complete this question by entering your answers in the tabs below. FIR LIFO Average Cost Determine the inventory balance Atira would report in its August 31, 2021, balance sheet and the cost of goods sold it would reportinis August 2021 Income statement using the FIFO method. dos perto dedicat places) Goods for Sale C Cast of Goods Available for Sale 2.500 56205 9.500 Cost of Good Sodelodie FIFO of units sold Cost Cost of Goods per un Sold $ 620 Ending Invent Periodic FIFO CO Ending pory S620 Baging intory Pancha Aug August 28 Total 14500 56.40 700 S 650 1500 150 31 00 92 800 56550 28.420 195750 56:40 5 6.50 5840 $ 6.50 + 5 55.00 LFO >
