Digital camera's value decreases annually approximately by 12 %. In 2011, a digital camera cost 359€. What was the price in 2008?

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.)