Need help with FIFO, LIFO, and Average Cost tabs.
Atira Corporation provides the fosowing infoimation related to its inventory during the month of August 2024 Augrat I Inventoly on hons-3, 490 onits, cost 96.00 eoch. Whust 14 sele 10,200 units for $12,70 ebch. Aceakt it Parchmed 20 , 200 indts for 56,39 each. Auguat 25 sold 11, 3ed units for 511,70 rach. Auguit 25 Aurchosed 6, BNe units for 56,50 coch. huguit - i1- inventecy on tans-11, 900 onitt. Required: Using calculotiont based on o periodic inventory sytem, determine the inventory balance Altira would feport in its August 31,2024. balance sheet and the cost of goods sold it would report in its August 2024 income statement using each of the following cost flow methoti. Complete this question by entering your answers in the taks below. Atira Corporetion provides the folowing information related to its inventory during the month of August 2024 Aurust 1 . Ifwentory on hand-3,400 =nlts; cost 56.00 each. Aurat: 8 Aurchased 13 , f60 units for 56.20 coch. August 14 sold 10,200 units for 512,70 each. August is Purchased 1e, 20e velits for 56,30 each. August is sole 11,900 units for $11.70 each. Aosust 26 Purchnsed 6 , ioo vits for $6,50 eath. Aogust 31 inventary on hand-11, 900 onits. Required: Using colculotions baved on o periodic inventory system, derermine the inventory balance Altira would report in ins August 31, 2024, bolance sheet snd the cost of goods sold it would report in its August 2024 income statement ising each of the following cost flow methocis Complete this question by entering your answers in the tabs below. Alira Corporation proyides the following information related to its inventory during the month of August 2024 : Augest 1 tnventary on hand-3,400 units; cost 56.90 each. August of Purchased 13,600 units for $6.20 each. August 14 sole 10,20 units for $12,7t each. August 14 sold 10,20 onits for 18 Purchased 10,200 units for 56.30 each. August 25 sold 11,900 units for 311.70 each. August 28 Purchased 6,800 units for 56.50 each. August 31 Lriventory on hand-11,900 units. Required: Using calculetions bosed on a periodic inventory system, determine the inventory bolonce Altira would report in its August 31,2024. boiance sheet and the cost of goods sold it would report in its August 2024 income statement using each of the following cost flow methods Complete this question by entering your answers in the tabs below. Determine the inventory balance Altire would report in its August 31, 2024, balance sheet and the cost of goods sold it would report in its August 2024 income stater cost method. cost method. "Aseraon Cost per Unit' to 2 dedimal places: Altiro Corporation provides the following information reloted to its inventory during the month of August 2024 Auguat 1 Inventory on hand-3,400 units; cost 56.00 each. Aogurt in Purchased 13, 600 units for 56.20 each. August 14 Sold 10,200 units for $12.70 each. August it Purchased 10,200 units for $6,30 each. August is sole 11,900 usiti for \$11,70 each. Ausust 21 Furchased 6 , 800 units for 36,50 each. Aigist 31 Inveritocy on hand-11,909 unIts. Required: Using calculations based on o periodic inventory system, determine the inventory balance Alira would report in its August 31.2024. bolonce sheet ond the cost of goods sold it would report in its August 2024 income statement using each of the following cost flow metrods Complete this question by entering your answers in the tabs below. Altia Corporation provides the following inform ation related to its inventory duzing the month of August 2024 : Aagust 1 Inventory on lund-3,400 units? cost 56.60 each. August i Purchased 13, 6ate units for 56.20 each. Aurust i4 sold 16 , 2ve units for \$12.7e each. Augurt in. Purchnsed 16, 200 uelts for 56.3At each. Aetust 25 sold 11 , 900 valts far 511. Te each. Aueust 21 farchored 6 atho unlts for 56.30 each. Aogust 31 tmientory of hand-11, 900 inlts. Required: Using celculotions bosed on a periodic inventory system, determine the inventory balance Altiro would report in its August 31,2024. bolonce sheet and the colt of goods sold in would reportin its August 2024 income statement using each of the following cost flow methods Cumghete thils question by entering your answers in the tabs below. Altira Corporation provides the following information related to its inventory duting the month of August 2024. Auaust 1 tnventory on hand-3, 40e units; sost 56.60 each. Aseust in Purchased 13,600 units for $6.20 each. August i4 Sold 18 , 200 units for 512,70 each. August i4 Sold 18,200- inits for surchated 10,200 units for 36.30 each. huevit 25 Sold 11,90 units for 511.70 each. August 2I Purchased 6 , e0e unlts for 36.50 each. August 31 investory on hand-11, 9e0 undts. Required: Uwing calculovons based on a periodic inventory syitem, determithe the invenhory balance Altira would report in its August 31,2024. balance sheet ond the cost of goods sold it would report in its August 2024 income utatement wsing each of the following cost fow inethoct Conplete this quastion bw entering your answers in the tabs below. Deternine the inventory balance Altia would report in its August 31, 2024, balance shoet and the cost of goods sold it would report in its August 2024 income itatenent isind the Aveip cost method
