Altira Corporation provides the following information related to its inventory during the month of August 2024 : August 1 inventory on hand-2, 480 units: cost 55.50 each. August 1 Purchased 9,660 units for $5.70 each. August 14 sotd 7,200 units for $12.20 each. August 18 Purchased 7,200 units for $5 , 8 each. August 25 Sold 8,420 units for $11 , 20 each. August 28 Purchased 4 , aed units for 56.60 each. August. 31 Inventory on hand-8, 400 units. Required: Using calculations based on a periodic inventory system, determine the inventory balance Altira would report in its August 31,2024, balance sheet and the cost of goods soid it would report in its August 2024 income statement using each of the following cost fow methods. Complete this question by entering your answers in the tabs below. Determine the inventory balance Altira would repart in its August 31,2024 , balance sheet and the cost of goods sold it would report in its Auguit 2024 income sta alance sheet and the cost of nethods. Complete this question by entering your answers in the tabs below. Jsing calculations based on a periodic inventory system, determine the inventory balance Altira would report in its August 31 , 2024 . lalance sheet and the cost of goods sold it would report in its August 2024 income statement using each of the following cost flow nethods. Complete this question by entering your answers in the tabs below. Using calculations based on a periodic 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 each of the following cost fiow methodisi Complete this question by entering your answers in the tabs below. Determine the inventory balance Altira would report in its August 31, 2024, balance sheet and the cost of goods sold it would report in ies August 2024 income statum cost method. Note: Round "Average Cost per Unit" to 2 decimal places.
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Altira Corporation provides the following information related to its i.docx
1. Altira Corporation provides the following information related to its inventory during the month
of August 2024 : August 1 inventory on hand-2, 480 units: cost 55.50 each. August 1 Purchased
9,660 units for $5.70 each. August 14 sotd 7,200 units for $12.20 each. August 18 Purchased
7,200 units for $5 , 8 each. August 25 Sold 8,420 units for $11 , 20 each. August 28 Purchased 4
, aed units for 56.60 each. August. 31 Inventory on hand-8, 400 units. Required: Using
calculations based on a periodic inventory system, determine the inventory balance Altira would
report in its August 31,2024, balance sheet and the cost of goods soid it would report in its
August 2024 income statement using each of the following cost fow methods. Complete this
question by entering your answers in the tabs below. Determine the inventory balance Altira
would repart in its August 31,2024 , balance sheet and the cost of goods sold it would report in
its Auguit 2024 income sta alance sheet and the cost of nethods. Complete this question by
entering your answers in the tabs below. Jsing calculations based on a periodic inventory system,
determine the inventory balance Altira would report in its August 31 , 2024 . lalance sheet and
the cost of goods sold it would report in its August 2024 income statement using each of the
following cost flow nethods. Complete this question by entering your answers in the tabs below.
Using calculations based on a periodic 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 each of the following cost fiow methodisi Complete this
question by entering your answers in the tabs below. Determine the inventory balance Altira
would report in its August 31, 2024, balance sheet and the cost of goods sold it would report in
ies August 2024 income statum cost method. Note: Round "Average Cost per Unit" to 2 decimal
places.
