Altira Corporation provides the following information related to its inventory during the month of August 2024: August 1 Inventory on hand-2,700 units; cost $6.80 each. August 8 Purchased 13,500 units for $6.20 each. August 14 Sold 10,800 units for $12.70 each. August 18 Purchased 8,100 units for $5.60 each. August 25 Sold 9,800 units for $11.70 each. August 28 Purchased 4,700 units for $5.80 each. August 31 Inventory on hand-8,400 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). Perpetual LIFO: Beginning Inventory Purchases: August 8 August 18 August 28 Total Cost of Goods Available for Sale Number of units 2,700 Cost per unit $6.80 13,500 6.20 8,100 5.60 4,700 5.80 29,000 Cost of Goods Available for Sale $ $ 18,360 83.700 45,360 27,260 174,680 Cost of Goods Sold - August 14 Number of Cost units sold per unit 0 Cost of Goods Sold $6.80 $ 6.20 5.60 5.80 EA $ 0 0 OO 0 0 Cost of Goods Sold - August 25 Cost per unit Number of units sold 0 $6.80 6.20 5.60 5.80 Cost of Goods Sold $ 0 O Total Cost of Goods Sold 69 $ 0 Inventory Balance Number of units in ending inventory 0 Cost per unit $ 6.80 6.20 5.60 5.80 Ending Inventory $ 0 0

Atira Corporation provides the following informotion related to its inventory during the month of August 2024 August I Imventory on hand-2, 200 unitst eett $5, bo each. Augrit if Rarchaied 13,500 undts fer $6.20 each. Aupust it Sold 10, 400 Units for $12,76 rach. August ill Purchated a, 160 units, far 15 , 60 each. August is sold 9 , abo units for $11,70 each. Aogust 28 Porchased 4 , 700 units for $5.86 eash. August 31 Inventery on hand-s, 400 units. Using calculations based on a perpetual inventory system, determine the inventory balance Atira would report in its Augunt 31,2024. balance sheet and the cost of goods sold it would report in its August 2024 income statement using lactin first-out ificon