New
Loan
Balance
Interest
Rate
Monthly
Payment
Amount
for Interest
Amount
for Principal
Principal
5.
$1,200
$1,200
12%
$106.56
106.56
$12.00
120
$12.00
$94.56
$94.56
a.

2. using calculations based on a perpetual inventory system, determine the inventory balance altira 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 average cost method. (round "average cost per unit" to 2 decimal places.)