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Note: Please explained clearly how you calculate the answer. Thank you! Using calculations based on a perpetual inventory system, determine the inventory balance Altira would

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Note: Please explained clearly how you calculate the answer. Thank you!

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 last-in, first-out (LIFO). X Answer is not complete

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