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using WEIGHTED AVERAGE PLS [The following information applles to the questions displayed below] Altira Corporation provides the following information related to its inventory during the
using WEIGHTED AVERAGE PLS [The following information applles to the questions displayed below] Altira Corporation provides the following information related to its inventory during the month of August 2024: August 1 Inventory on hand 2,000 units; cost $,30 each. August 8 Purchased 8,000 units for $5.50 each. Nugust 14 Sold 6,000 units for $12.00 each. Aunust 18 Purchased 6,000 units for $5.60 each. August 25 5old 7, eeg units for $11. 00 each. Aunust 28 Purchased 4,000 units for 55,89 oach. Aurust 31 Inventory on hand-7,000 units 2. Using calculations based on a perpetual inventory system, determine the inventory balance Altira would report in its August 31 . 2024 , balance sheet and the cost of goods sold it would report in its August 2024 income statement using the Average cost method. Note: Round "Averoge Cost per Unit" to 2 decimal places. 2. Using calculations based on a perpetual inventory system, determine the inventory balance Altira would report in its August 31 , 2024. balance sheet and the cost of goods sold it would report in its August 2024 income statement using the Average cost method. Note: Round "Averoge Cost per Unit" to 2 decimal ploces
using WEIGHTED AVERAGE PLS
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