Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021: Aug.1 Inventory on hand-3, 600 units; cost $7.70 each. 8 Purchased 18,000 units for $7.10 each. 14 Sold 14,400 units for $13.60 each. 18 Purchased 10,800 units for $6.60 each. 25 Sold 13, 400 units for $12.60 each. 28 Purchased 5,600 units for $5.80 each. 31 Inventory on hand-10, 200 units. Using calculations based on a perpetual inventory system, determir the inventory ance 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 last-in, first-out (LIFO). Cost of Goods Available for Sale Cost of Goods Sold - August 14 Cost of Goods Sold - August 25 Perpetual LIFO: # of units Cost per Cost of Goods Available for Sale # of units sold Cost Cost of per unit Goods Sold # of units sold Cost per unit Cost of Goods Sold 3.600 $ 7.70 $ 27.720 $ 7.70 $ Beg. Inventory Purchases: $ 7.70 $ 18.000 7.10 7.10 7.10 127.800 71.280 6.60 6.60 6.60 August 8 August 18 August 28 Total 10.800 5.600 5.8 32.480 5.80 0 5.80 38.000 $ 259.280 0 $ O $ 0