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

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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 2
August 1 Inventory on hand -2,900 units; cost $7.00 each.
August 8 Purchased 14,500 units for $6.40 each.
August 14 Sold 11,600 units for $12.90 each.
August 18 Purchased 8,700 units for $6.00 each.
August 25 Sold 10,600 units for $11.90 each.
August 28 Purchased 4,900 units for $5.80 each.
August 31 Inventory on hand-8,800 units.
2. Using calculations based on a perpetual inventory system, determine the inventory balance Altira would repor 2024, balance sheet and the cost of goods sold it would report in its August 2024 income statement using the A Note: Round "Average Cost per Unit" to 2 decimal places.
\table[[\table[[Perpetual Average],[Beginning Inventory]],Inventory on hand,Cost of Goods Sold,Inventory B],[\table[[\table[[Number],[of units]]],[2,900]],\table[[Cost per],[unit]],\table[[Inventory],[Value]],\table[[Number],[of units],[sold]],\table[[Average],[Cost per],[unit]],\table[[Cost of],[Goods Sold]],\table[[\table[[Number of],[units in],[inventory]]],[2,900]],\table[[Cost pe],[unit]]],[$,7.00,$,20,300,$,7.],[Purchase - August 8,14,500,$,6.40,,92,800,,,,14,500,$,6.],[,,,,,,,,17,400,,],[Sale - August 14,,,,,,11,600,,,,,],[Purchase - August 18,8,700,$,6.00,,52,200,,,,8,700,$,],[,,,,,,,,,,]]
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