Help Save & Exit Submit my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Required information Exercise 8-14 (Algo) Inventory cost flow methods; perpetual system [LO8-1, 8-4] [The following information applies to the questions displayed below.] Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021: Aug.1 Inventory on hand-3,700 units; cost $7.80 each. 8 Purchased 18,500 units for $7.20 each. 14 Sold 14,800 units for $13.70 each. 18 Purchased 11,100 units for $6.40 each.. 25 Sold 13,800 units for $12.70 each. 28 Purchased 5,700 units for $5.80 each. 31 Inventory on hand-10,400 units. Return to question Exercise 8-14 (Algo) Part 2 2. Using calculations based on a perpetual inventory system, determine the inventory balance Altira would report in its August 31, montusion the Aussage cact mothed Perpetual Average of units Inventory on hand Cost Cost of Goods Sold per unit Inventory Value of units sold Avg.Cost per unit Cost of of units Inventory Balance Cost Goods in Sold Beginning Inventory Inventory per unit Ending inventory 3,700 $7.80 1 $ 28.860 Purchase-August 8 18,500 $ 7.200 133.200 Sale-August 14 14,800 0 14 O 0 Purchase-August 18 11,100 $6.40 71,040 Sale-August 25 Purchase-August 28 13,800 14 130 5,700 $ 5.80 33,060 Total 39,000 $266,160 $ B $ 0 13 $ < Prev 82 12 of 18 Next >