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Required information Exercise 8 - 1 4 ( Algo ) Inventory cost flow methods; perpetual system [ LO 8 - 1 , 8 - 4
Required information Exercise Algo Inventory cost flow methods; perpetual system LO Skip to question The following information applies to the questions displayed below. Altira Corporation provides the following information related to its inventory during the month of August : August Inventory on hand units; cost $ each. August Purchased units for $ each. August Sold units for $ each. August Purchased units for $ each. August Sold units for $ each. August Purchased units for $ each. August Inventory on hand units. Exercise Algo Part Using calculations based on a perpetual inventory system, determine the inventory balance Altira would report in its August balance sheet and the cost of goods sold it would report in its August income statement using the Average cost method. Note: Round "Average Cost per Unit" to decimal places.
Required information
Exercise Algo Inventory cost flow methods; perpetual system LO
Skip to question
The following information applies to the questions displayed below.
Altira Corporation provides the following information related to its inventory during the month of August :
August Inventory on hand units; cost $ each.
August Purchased units for $ each.
August Sold units for $ each.
August Purchased units for $ each.
August Sold units for $ each.
August Purchased units for $ each.
August Inventory on hand units.
Exercise Algo Part
Using calculations based on a perpetual inventory system, determine the inventory balance Altira would report in its August balance sheet and the cost of goods sold it would report in its August income statement using the Average cost method.
Note: Round "Average Cost per Unit" to decimal places.
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