Altira Corporation uses a perpetual inventory system. The following transactions affected its merchandise inventory during the month of 31th August 2021:

Aug.1 Inventory on hand-3,700 units; cost $7.80 each
Aug 8 Purchased 18,500 units for $7.20 each
Aug 14 Sold 14,800 units for $13.70 each
Aug 18 Purchased 11,100 units for $6.40 each
Aug 25 Sold 13,800 units for $12.70 each.
Aug 31 Inventory on hand - 4,700 units

Required:
a. Determine the inventory balance Altria would report in it's August 31, 2021, balance sheet and the cost of goods sold it would report in its August 2021 income statement using LIFO method.
b. Determine the inventory balance Altria would report in it's August 31, 2021, balance sheet and the cost of goods sold it would report in its August 2021 income statement using average cost method.

During the year, the delph company had no beginning or ending inventories and it started, completed, and sold only two jobs—job d-75 and job c-100. it provided the following information related to those two jobs: job d-75: molding fabrication total direct materials cost $ 375,000 $ 325,000 $ 700,000 direct labor cost $ 200,000 $ 160,000 $ 360,000 machine-hours 15,000 5,000 20,000 job c-100: molding fabrication total direct materials cost $ 300,000 $ 250,000 $ 550,000 direct labor cost $ 175,000 $ 225,000 $ 400,000 machine-hours 5,000 25,000 30,000delph had no overapplied or underapplied manufacturing overhead during the year. assume delph uses a plantwide overhead rate based on machine-hours.1-a. compute the predetermined plantwide overhead rate.1-b. compute the total manufacturing costs assigned to job d-70 and job c-200.1-c. if delph establishes bid prices that are 150% of total manufacturing costs, what bid price would it have established for job d-70 and job c-200? 1-d. what is delph's cost of goods sold for the year? assume delph uses departmental overhead rates based on machine-hours.2-a. compute the predetermined departmental overhead rates.2-b. compute the total manufacturing costs assigned to job d-70 and job c-200.2-c. if delph establishes bid prices that are 150% of total manufacturing costs, what bid price would it have established for job d-70 and job c-200? 2-d. what is delph's cost of goods sold for the year?