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Required Information 12 Esercise 8-14 Algo inventory cost flow methods perpetual em OB-104 The following information applies to the questioned below) Atira Corporation provides the following information related to its merchante vertory during the month of August 2027 Inventory on hand-2,700 units; cost 56.80 Aug. 1 each. 8 Purchased 13,500 units for 56.20 each. 14 Sold 10,800 units for $12.70 each. 18 Purchased 3,100 units for $5.60 each. 25 Sold 9,800 units for $11.70 each. 28 Purchased 4,700 units for $5.88 each. 31 Inventory on hand-8,400 units. Exercise 8-14 (Alge) Part 1 Required: 1. Using calculations based on a perpetua inventory system determine the inventory biance A Would reports August 31, 2021, balance sheet and the cost of goods sold it would reports August 2011 income statement using the FIFO method Perpetual EO Cont of Goods Available for Sale Cost Costa Bol Goods units per uni Available for Sale 2.700 $ $18.360 6.80 Answer is complete but not entirely correct. Cost of Good Gold Cost of Goods Sold August 14 August 25 Cont 7 of Cost of Total Cest Coad ol units per of Costel units goods M ni Goode hold Sed unt Goods Sold Sold 235 6.80 56.80 $ 0 Inventory of units Coul per per Inventory 2,700 S 6.80 Beg Inventory Purchase August August August 26 Total 13.500 3.100 4.700 29.000 6.20 380 60 83,700 45,360 27.260 $ 174,680 10,8006 20060 1.700X620 10140 SIGO D 100 360 153 580 0 5.80 10.800 66 950 0.800 55.900 (2002) 620 560 4.76 6.80 8,400 122.50 Next > ok Air