Required information Exercise 8-14 (Static) Inventory cost flow methods; perpetual system (L08-1,8-4) [The following information applies to the questions displayed below.) Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021: Aug. 1 Inventory on hand-2,000 units; cost $5.30 each. 8 Purchased 8,000 units for $5.50 each. 14 Sold 6,000 units for $12.00 each. 18 Purchased 6,000 units for $5.60 each. 25 Sold 7,000 units for $11.00 each. 28 Purchased 4,000 units for $5.80 each. 31 Inventory on hand-7.000 units. Exercise 8-14 (Static) Part 1 Donnirent Required information Cost of Goods Available for Sale Cost of Goods Sold - August 14 Cost of Goods Sold - August 25 Perpetual FIFO: Cost of # of Goods units Available for Sale 2,000 $ 5.30 $ 10,600 Cost per unit # of units sold Cost per Cost of Goods Sold unit #of units Cost per sold unit Cost of Goods Sold Total Cost or Goods Sold 2,000 $ 5.30 10.600 $ 5.30 $ 0 Beg. Inventory Purchases August 8 August 18 August 28 Total 4,000 8,000 6,000 4,000 20,000 5.50 5.60 5.80 44,000 33,600 23,200 $ 111,400 5.50 5.60 5,80 22,000 0 4,000 3.000 5.50 5.60 5.80 22.000 16,800 6,000 $ 32,600 7,000 $ 38,800 5 71,400 August 14 Cost of Goods Sold - August 25 Inventory Balance Cost of # of units Cost per Goods Sold sold unit Cost of Goods Sold Total Cost of Goods Sold # of units in Inventory Cost per unit Ending Inventory $ 10,600 $ 5.30 $ 0 $ 5305 0 22,000 0 4,000 3,000 5.50 5.50 5.80 22,000 16.800 0 5.50 5.60 3,000 4,000 7.000 $ 5.80 32,600 7.000 16.800 23.200 40.000 $ 38,800 $ 71 400 $ 090 * 80 $ 4 % 5 & 7 3 2 6 9 8 W E R. T Y J L K G H D S F.