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August 1 Inventory on hand 3,400 units; cost $6.00 each. August B Pur.pdf

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August 1 Inventory on hand 3,400 units; cost $6.00 each. August B Purchased 13,600 units for $6.20 each. August 14 sold 10,200 units for $12.79 each. August 18 Purchased 10,200 units for $6.30 each. August 25 Sold 11,900 units for $11.70 each. August 28 Purchased 6,860 units for $6,50 each. August 31 Inventory on hand-11,90e 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 sold it would report in its August 2024 income statement using each of the following cost flow methods. Complete this question by entering your answers in the tabs below..

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August 1 Inventory on hand 3,400 units; cost $6.00 each. August B Purchased 13,600 units for $6.20 each. August 14 sold 10,200 units for $12.79 each. August 18 Purchased 10,200 units for $6.30 each. August 25 Sold 11,900 units for $11.70 each. August 28 Purchased 6,860 units for $6,50 each. August 31 Inventory on hand-11,90e 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 sold it would report in its August 2024 income statement using each of the following cost flow methods. Complete this question by entering your answers in the tabs below.

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