Altira Corporation provides the following information related to its inventory during the month of August :Using calculations based on a perpetual inventory system, determine the inventory balance Altira would report in its August balance sheet and the cost of goods sold it would report in its August income statement using the Average cost method.Note: Round "Average Cost per Unit" to decimal places.
tableInventory on hand,Cost of Goods Sold,Inventory Balance,Perpetual Average,tableNumberof unitstableCost perunittableInventoryValuetableNumberof unitssoldtableAverageCost perunittableCost ofGoods SoldtableNumber ofunits ininventorytableCost perunittableEndinginventoryBeginning Inventory,,,,,,,,,Purchase August Sale August Purchase August Sale August Purchase August Total
