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Required information Altira Corporation the month of August 2018 uses a perpetual inventory system. The...

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Accounting

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Required information Altira Corporation the month of August 2018 uses a perpetual inventory system. The following transactions affected its merchandise inventory during tory on units; cost $7.90 each. 8 Purchased 19,000 units for $7.30 each. 14 Sold 15,200 units for $13,80 each. 18 25 Sold 14,200 units for $12.80 each. 31 Inventory on hand-4,800 units. hased 11,400 units for $6.80 each. 2. Determine the inventory balance Altira would report in its August 31, 2018, balance sheet and the cost of goods sold it would report in its August 2018 income statement using the LIFO method. (Round "Cost per Unit" to 2 decimal places.) Cost of Goods Available for Sale Cost of Goods Sold -August 14 Cost of Goods Sold-August 25 Cost of Goods units unit # of units in ending Perpetual LIFO: #of : Cost per #of cost per Cost per Cost of | # of units cost Goods Sold sold unit Available for sold S 0.00 S $ 000 S S 000 Beg In 0.00 0.00

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