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Dier Exercises Savet Subalit Check my work 00 8 Exercise 8-15 (Algo) LIFO; perpetual system (LO8-1,8-4) Altiro Corporation provides the following information related to its merchandise inventory during the month of August 2021; eBook A1 Inventory on hand-3, 400 units cost $7.50 each Purchased 12.000 units for 16.00 h. 14 Sold 13,400 units for $13.49 nach I purchased 10.200 units for $6.40 watt 35 od 12.600 nits to $13.40 wach 20 Purchased 5,400 units for $5.00 euch 3 Inventory on hand 9.000 units Het 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 lastin, first-out (LIFO) Cost of Goode silable for tale Cost of Goods Sold August 14 Coat of Good fold - August 25 Hattonces Par LIO Cost per Wof units Cost par of units Cost of Goods Available for Sale Endin Coat per unit of units Cost Cast of sold per Goods Sold Cost of Total Couto Goods Soid deada el of units ending Inventory unit 3.400 57.505 25,500 5 7.50 $ $ 7,50 $ 0 $750 Beg. Inventory Purchases August August 10 August 26 8.90 17.000 10,200 5,400 6.90 5.40 58 117,500 65,280 31,320 6.90 6.40 5.40 5.30 oto 090 640 5.80 580 Exercise 8-15 (Algo) LIFO; perpetual system (LO8-1,8-4) Altra Corporation provides the following information related to its merchandise Inventory during the month of August 2020 Aug.1 Inventory on hand-3.400 units cost $7.50 each Purchased 17,000 nits for $6.99 each 14 Sold 13.600 units for $13.40. sal. 11 Purchased 10,200 units for 16.40 each 25 told 12,600 nits for $12.40 each 28 Prohased 5.400 units for $5.00 sach. 31 Inventory on hand-9,800 units. Using calculations based on a perpetual inventory system, determine the inventory balance Altra 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 last-in, first-out (LIFO) Cont of Goods Available for Sale Cost of Opods told August 14 Cost of Goods Sold - August 25 Inventory Balance CLEO Cost per un Cost of Goods Available for sale of unit sold of units Cost Cost of per und Goods Sold of units sold of units in anding Inventory Cost per unit Ending Inventory Cost Cost or Total Costor per Goods Sold Ooods Sold unit $7.50 $ 0 25.500 0 $7.50 $ 3.400 $7.50 $ 5 7.50 Be Inventory Purchase August August 18 August 28 Stal 6.90 640 5.B 17.000 10.200 5,400 36.000 0 8.90 40 5.50 117.300 55 280 31,320 238.400 6.90 6:40 5.80 D 6.90 6.40 5.80 5 o $ $ 05 0 O 5 0