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[The following information applies to the questions displayed below.] Altira Corporation provides the...

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Accounting

[The following information applies to the questions displayed below.]
Altira Corporation provides the following information related to its inventory during the month of August 2024: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 "Average Cost per Unit" to 2 decimal places.
\table[[Perpetual Average,Inventory on hand,Cost of Goods Sold,Inventory Balance],[\table[[Number],[of units]],\table[[Cost per],[unit]],\table[[Inventory],[Value]],\table[[Number],[of units],[sold]],\table[[Average],[Cost per],[unit]],\table[[Cost of],[Goods Sold]],\table[[Number of],[units in],[inventory]],\table[[Cost per],[unit]],\table[[Ending],[inventory]]],[Beginning Inventory],[Purchase - August 8,,,,,,,,,],[,,,,,,0,,$],[Sale - August 14],[Purchase - August 18,,,,,,,,,],[,,,,,,0,,$],[Sale - August 25],[Purchase - August 28],[Total,0,,$,,,$,0,,$]]
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