Altira Corporation provides the following information related to its inventory during the month of August 2024 August 1 Inventory on hand-3,500 units: cost $7.60 each. August 8 Purchased 17,500 units for $7.00 each. August 14 Sold 14,000 units for $13.50 each. August 18 Purchased 10,500 units for $6.80 each. August 25 Sold 13,000 units for $12.50 each. August 28 Purchased 5,500 units for $5.80 each. August 31 Inventory on hand-10,000 units. Using calculations based on a perpetual inventory system, determine the inventory balance Altira would report in its August 31, 2024, balance sheet and the cost of goods sold it would report in its August 2024 income statement using last-in, first-out (LIFO) Answer is not complete. Cost of Goods Available for Sale Cost of Goods Sold - August 14 Cost of Goods Sold - August 25 Inventory Balance Perpetual LIFO Number Cost of units per unit Cost of Goods Available for Sale Number Cost of units per sold unit Cost of Goods Sold Cost Number of units sold per Cost of Goods Sold unit Total Cost of Goods Sold Number of units in ending inventory Cost unit Ending Inventory Beginning 3,500 Inventory 26,000 7.60 7.60 0 7.00 3,500 $750 26.000 Purchases August 8 17,500 7.00 122.500 7.00 11,000 7.00 77,000 6,500 7.00 45,500 August 18 10,500 6.80 71,400 8.500 August 28 5,500 5.80 31,900 5500 00 6.80 57,000 2,000 680 13.000 6.80 0 5.80 31,000 05.80 580 Total 37,000 $ 252,400 14,000 89.700 13.000 $ 90.600 180,300 10.000 72.100