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solve for aversge cost per unit for sale on aug 14 and aug 25 Line following information applies to the questions displayed below) Altira Corporation

solve for aversge cost per unit for sale on aug 14 and aug 25 image text in transcribed
Line 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 -3,700 units cost $7.0 each B Purchased 18,500 units for $7.20 each. 14 Sold 14,300 units for $13.70 each. 18 Purchased 11,100 units for $6.40 each. 25 Sold 13.800 units for $12.70 each. 28 Purchased 5,700 units for $5.00 each. 31 Inventory on hand-10,400 units. 2. 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 the average cost method (Round "Average Cost per Unit" to 2 decimal places.) Inventory on hand Inventory Balance Perpetual Average Cost of Goods Sold of units Ava Cost s old per unit Goods Sold Cost of of units in ending Cost per unit Ending Inventory Inventory Value 28 860 133 200 Beginning Inventory Purchase - August 8 3.700 18,500 $ $ inventory 3.7000 $ 18.500 $ 780 7.20 780 7.20 $ $ 133 200 162,060 22 200 7.400 $ 377 $ 14,800) Sale - August 14 Purchase. August 18 S 640 $ 11,100 $ 640 71.040 11.100 18 500 4.700 13,800 5.700 $ 580 $ Sale - August 25 Purchase - August 28 Total 5 5.50 5.700 39,000 33 060 266,160 33 060 55,796 S

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