Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021: Aug.1 Inventory on hand—3,400 units; cost $6.70 each.
8 Purchased 17,000 units for $6.90 each.
14 Sold 13,600 units for $13.40 each.
18 Purchased 10,200 units for $7.00 each.
25 Sold 12,600 units for $12.40 each.
28 Purchased 5,400 units for $5.80 each.
31 Inventory on hand—9,800 units.

Required:
Using calculations based on a periodic inventory system, determine the inventory balance Altira would report in its August 31, 2021.

If a bond is issued at a premium the effective interest rate is most likely

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