Altra Corporation provides the following information related to its merchandise inventory during the month of...
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Altra Corporation provides the following information related to its merchandise inventory during the month of August 2021 Aug.1 Inventory on hand-3, 400 units cost 57.50 each. Purchased 17,000 units for $6.90 each 14 Sold 13,600 units for $13.40 each. 18 Purebased 10.200 units for 15,40 each. 25 Sold 12,600 units for $12.40 each. 2e purchased 3,400 units for $5.80 ench. 31 Inventory on hand, 800 unite Using calculations based on a perpetual inventory system, determine the inventory balance Atira would report in its August 31, 2021 balance sheet and the cost of goods sold it would report in its August 2021 income statement using lost in first-out (LFO) Cost of Ooods Sold August 14 Cost of Gooda Bold - August 25 Inventary Balance Perpetual LEO Cost of Goods Available for Sale Cost of units per Cost of Goods Available for Sale of units Cost Cost of sold per unit Goods Sold of units sold Cost per unt Cost of Total Cost of Goods Sold Goods Sold of units in ending Inventory Cost per unit Ending Invento 2,700 57.505 0 5750 20,2501 25,500 3.400 $7.50 $ $ 7.50 10,200 7.500 61,750 Bog. Inventory Purchases August August 18 August 26 Total 17,000 10.200 5.400 36.000 6.90 6.40 53 117.300 65.280 31,320 239,400 8.90 6.40 5.80 70 380 0 0 90,630 60 6.40 5.80 6.00 8:40 5.80 $ 7500 0 $ 142.380 51.750 $ $ 12.900 $
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