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Altira Corporation provides the following information related to its inventory during the month...

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Accounting

Altira Corporation provides the following information related to its inventory during the month of August 2024 :
August 1 Inventory on hand -3,200 units; cost $7.30 each.
August 8 Purchased 16,000 units for $6.70 each.
August 14 Sold 12,800 units for $13.20 each.
August 18 Purchased 9,600 units for $6.20 each.
August 25 Sold 11,800 units for $12.20 each.
August 28 Purchased 5,200 units for $5.80 each.
August 31 Inventory on hand -9,400 units.
Using calculations based on a perpetual inventory system, determine the inventory balance Altira would report balance sheet and the cost of goods sold it would report in its August 2024 income statement using last-in, firs
\table[[\table[[Perpetual LIFO:],[Beginning Inventory]],Cost of Goods Available for Sale,Cost of Goods Sold - August 14,Cost of Goods Sold - Aug],[\table[[\table[[Number],[of units]]],[3,200]],\table[[\table[[Cost],[per],[unit]]],[$7.30
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