Please Help With Accounting Exercise E8-13. Enclosed in image is exercise. Please Complete on Microsoft Excel. Thank You.

Access the FASB Accounting Standards Co E 8-12 cific citation for each of the following items: FASB codification 1. Define the meaning of cost as it applies to the initial measurement of inventory. E 8-16 research 2. Indicate the circumstances when it is appropriate to initially measure agricultural inventory at fair value Average . LO8-2, LO8-3 method 3. What is a major objective of accounting for inventory? and per CODE 4. Are abnormal freight charges included in the cost of inventory? es JodmoosCT 10 system . LO8- E 8-13 Altira Corporation uses a periodic inventory system. The following information related to its merchandise in Inventory cost tory during the month of August 2018 is available:bubonicbio-issy IA loni for el selbrisdorom flow methods; periodic system Aug. 1 Inventory on hand-2,000 units; cost $6. 10 each. . LO8-1, LO8-4 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 $11.00 each. 31 Inventory on hand-3,000 units. spolo and is brad no vioinsvai to luos will getwottel safar baiboob ni qlord Required: E8-1 Determine the inventory balance Altira would report in its August 31, 2018, balance sheet and the cost of good FIFO sold it would report in its August 2018 income statement using each of the following cost flow methods: avera 1. First-in, first-out (FIFO) meth 2. Last-in, first-out (LIFO) . LO 3. Average cost WHOM Bet 1 it morangienoo no seibnedprom don't begqule zobney s mont boeslag abood . E8-14 Inventory cost methods.] [This is a variation of E 8-13 modified to focus on the perpetual inventory system and alternative costly flow methods; perpetual system Altira Corporation uses a perpetual inventory system. The following transactions affected its merchandise in tory during the month of August 2018: E 8 . LO8-1, LO8-4 Sup LIFO Aug. 1 LIFE 8 Inventory on hand-2,000 units; cost $6. 10 each. Ind 14 Purchased 10,000 units for $5.50 each. 18 Sold 8,000 units for $12.00 each. . L 25 Purchased 6,000 units for $5.00 each. Real 31 Sold 7,000 units for $11.00 each. Inventory on har