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can i please get help on this i already got the question wrong once its due in 12hours but i am lost Altira Corporation provides
can i please get help on this i already got the question wrong once its due in 12hours but i am lost
Altira Corporation provides the following information related to its inventory during the month of August 2024 : August 1 Inventory on hand-2,5e9 units; cost \$6. 60 each. August 8 Purchased 12,500 units for $6,00 each. August 14 sold 10,00 units for $12,50 each. August 18 Purchased 7,500 units for $5.20 each. August 25 Sold 9,000 undts for $11.50 each. August 28 Purchased 4,500 units for $5.60 each. August 31 Imventory on hand-8, 000 units. Requited: 1. Using calculations based on a perpetual inventory system, determine the inventory balance Altira would report in its August 31 . 2024, balance sheet and the cost of goods sold it would report in its August 2024 income statement using the FIFO method. Required: 1. Using calculations based on a perpetualinventory system, determine the inventory balance Altira would report in its August 31 . 2024. balance sheet and the cost of goods sold it would report in its August 2024 income statement using the FiFO method. Required: 1. Using calculations based on a perpetual inventory system, determine the inventory balance Altra would report in its August 31 , 2024, balance sheet and the cost of goods sold it would report in its August 2024 income statement using the FiFO method Step by Step Solution
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