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Return to question Altira Corporation provides the following information related to its inventory during the month of August 2 0 2 4 : August 1

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Altira Corporation provides the following information related to its inventory during the month of August 2024:
August 1 Inventory on hand-3,500 units; cost $7.60 each.
August 8 Purchased 17,500 units for $7.00 each.
August 14 Sold 14,000 units for $13.50 each.
August 18 Purchased 10,500 units for $6.80 each.
August 25 Sold 13,000 units for $12.50 each.
August 28 Purchased 5,500 units for $5.80 each.
August 31 Inventory on hand -10,000 units.
ired:
ng calculations based on a perpetual inventory system, determine the inventory balance Altira would t in its August 31,2024, balance sheet and the cost of goods sold it would report in its August 2024 ie statement using the FIFO method.
Answer is complete but not enti
\table[[tual FIFO:,\table[[Cost of Goods Available for],[Sale]],Cost of Goods Sold - August 14,Cost of Goods Sold - August 2],[\table[[Number],[of units]],\table[[Cost],[per],[unit]],\table[[Cost of],[Goods],[Available],[for Sale]],\table[[Number],[of units],[sold]],\table[[Cost],[per unit]],\table[[Cost of],[Goods],[Sold]],\table[[Number],[of units],[sold]],\table[[Cost],[per unit]],\table[[Cost],[Goor],[Soll]]],[Ining Inventory,3,500,$7.60,$26,600,0prop,$7.60,,00,$7.60,$
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