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Check my work Required information The following information applies to the questions displayed below) Altira Corporation provides the following information related to its merchandise inventory
Check my work Required information The following information applies to the questions displayed below) Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021 Aug. 1 Inventory on hand-3, 100 units cost $7.20 each 8Purchased 15,500 units for $6.60 each. 14 Sold 12,400 units for $13.10 each. 18 Purchased 9,300 units for $5.80 each. 25 Sold 11,400 units for $12.10 each. 28 Purchased 5,100 units for $5.80 each. 31 Inventory on hand-9,200 units. 2. 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 the Average cost method. (Round "Average Cost per Unit" to 2 decimal places.) Inventory on hand Cost of Goods Sold Inventory Balance Perpetual Average Cost per unit Inventory Value # of units Avg.Cost sold Cost of Goods Sold # of units in Cost per Inventory unit # of units Ending Inventory per unit Beginning Inventory Purchase - August 8
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