After spending $3,450 for tables and $3,950 for chairs, a convention center manager finds that the total is 4% more than he spent on tables and chairs last year. to the nearest dollar, find the amount that he spent last year.

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.)