Question: Please fill in empty data cells for this assignment. Alira Corporation uses a perpetual irnventory system The following tansactions affected it marchandse inventory during the


Please fill in empty data cells for this assignment.
Alira Corporation uses a perpetual irnventory system The following tansactions affected it marchandse inventory during the month of August 2016: Aug 1 Inventory on hand 2,000 units, cosl 56. 10 each 8 Purchased 10,000 units for $5.50 each. 14 Sold 8.000 units for $12 00 each 18 Purchased 6,000 units for $5.00 each 25 Sold 7,000 units for $1100 each. 31 Inventory on hand-3.000 units Required: Determine the inventory balance Alsira would report in ihs August 31, 2016, balance sheet and the cost of goods sold t would report in its August 2016 income statement using each of the follovwing cost fnow methods: (Round "Average Cost per Unie to 2 decimal places ) Cost of Goods Available for Sale Cost of Goods Sold August 14 Cost of Goods Sold August 24 Inventory Balance Cost of # of Goodsunits # of units l cost per | in ending ost per Cost of # of units Cost perCost of #of |Cost per | asoldutGoods Sold sold nitInventory S6.10 inventory l unit Sale Beg. Inventory 2000 s 610 $ 12200 2000 $ 610 S 12.200 $6.10$ August 8 August 18 10.000 6,000 18,000 55,000 30,000 5.50 5.00 5.50 5.00 5.50 5.00 5.00 Total S 97,200 2,000 S 12200
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