using calculations based on a perpetual inventory system determine the inventory balance ...

Required information [The following information applies to the questions displayed below.) Altira Corporation provides the following information related to its merchandlse inventory during the month of August 2021: Required: 1. Using calculations based on a perpetual inventory system, determine the inventory balance Alira would report in its August 31,2021 , bolance sheet and the cost of goods sold it wolld report in its August 2021 income statement using the FifO method Required: 1. Using calculations based on a perpetual inventory system, determine the inventory balance Alira 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 the fiFO method