Altira Corporation provides the following information related to its merchandise Inventory during the month of August 2021: Aug.1 Tuventory on hand-2,000 unita; cost $5.30 each. B Parchased 8,000 units for $5.50 each. 14 Sold 6,000 units for $12.00 each. 18 Parehased 6,000 units for $5.60 each. 25 Sold 7.000 units for $11.00 each. 28 Purchased 4.000 units for $5.80 each. 31 Inventory on hand-7,000 unita. 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 last-in, first-out (LIFO). Cost of Goods Available for Sale Cost of Goods Sold - August 14 Cost of Goods Sold - August 25 Inventory Balance Perpetual LIFO Cost of Hof #of Cost per Goods Cost per Cost of units # of units Cost per Cost of units of units Total Cost of unit Available for unit Cost per sold sold Goods Sold Ending Goods Sold in ending Goods Sold unit Sale Inventory Inventory Beg Inventory 2,000 S 5.30 $ 10,600 S 5.30 $ 0 $ $ 0 $ 5.30 Purchases August 8,000 5.50 44,000 5.50 5.50 5.50 August 18 6,000 5.60 33,600 5.60 of 5.60 5.50 August 28 4,000 5.80 5.80 0 50 5.80 Total 20,000 $ 111.400 0 S 0 o $ 0 $ 0 0 $ unit 5.30 0