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A ccsu.blackboard.com C Blackboard Learn The December 31, 2021, Year-end Inventory Balance ... | Chegg.com Central Connecticut State University Reshma Shaikh MyCourses@CCSU Organizations@CCSU Content Collection Connect HW X Chapter 8 i Saved Help Save & Exit Submit 3 Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021: Aug. 1 Inventory on hand-2, 900 units; cost $7.00 each. 8 Purchased 14,500 units for $6. 40 each. 14 Sold 11, 600 units for $12.90 each. 4 18 Purchased 8,700 units for $6.00 each. points 25 Sold 10, 600 units for $11.90 each. 28 Purchased 4,900 units for $5.80 each. Skipped 31 Inventory on hand-8,800 units. Using calculations based on a perpetual inventory system, determine the inventory balance Altira would report in its August 31, 2021, eBook balance sheet and the cost of goods sold it would report in its August 2021 income statement using last-in, first-out (LIFO). Hint Print Cost of Goods Available for Sale Cost of Goods Sold - August 14 Cost of Goods Sold - August 25 Inventory Balance References Perpetual LIFO: Cost # of units per Cost of Goods # of units Cost per Cost of Goods # of units Cost Cost of Total Cost # of units in ending Cost Ending unit Available for Sale sold unit Sold sold per of Goods unit Goods Sold Sold inventory per unit | Inventor Beg. Inventory 2.900 $ 7.00 $ 20,300 $ 7.00 $ $ 7.00 $ 0 $ 7.00 Purchases August 8 14,500 6.40 2,800 6.40 6.40 6.40 August 18 3,700 6.00 52,200 6.00 6.00 6.00 August 28 4.900 5.8 28,420 5.80 5.80 5.80 Tota 31,000 $ 193,720 0 $ 0 0 $ o $ 0 0 $