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Exercise 8 - 1 4 ( Static ) Inventory cost flow methods; perpetual system [ L 0 8 - 1 , 8 - 4 ]

Exercise 8-14(Static) Inventory cost flow methods; perpetual system [L08-1,8-4]
[The following information applies to the questions displayed below.]
Altira Corporation provides the following information related to its inventory during the month of August 2024:
August 1 Inventory on hand-2,000 units; cost $5.30 each.
August 8 Purchased 8,000 units for $5.50 each.
August 14 Sold 6,000 units for $12.00 each.
August 18 Purchased 6,000 units for $5.60 each.
August 25 Sold 7,000 units for $11.00 each.
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