Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021:

Aug.1	Inventory on hand2,200 units; cost $6.30 each.
8	Purchased 11,000 units for $5.70 each.
14	Sold 8,800 units for $12.20 each.
18	Purchased 6,600 units for $5.20 each.
25	Sold 7,800 units for $11.20 each.
28	Purchased 4,200 units for $5.80 each.
31	Inventory on hand7,400 units.

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).

Perpetual LIFO:	Cost of Goods Available for Sale			Cost of Goods Sold - August 14			Cost of Goods Sold - August 25				Inventory Balance
	# of units	Cost per unit	Cost of Goods Available for Sale	# of units sold	Cost per unit	Cost of Goods Sold	# of units sold	Cost per unit	Cost of Goods Sold	Total Cost of Goods Sold	# of units in ending inventory	Cost per unit	Ending Inventory
Beg. Inventory	2,200	$6.30	$13,860		$6.30	$0		$6.30	$0			$6.30
Purchases:
August 8	11,000	5.70	62,700		5.70			5.70				5.70
August 18	6,600	5.20	34,320		5.20	0		5.20				5.20	0
August 28	4,200	5.8	24,360		5.80	0		5.80				5.80
Total	24,000		$135,240	0		$0	0		$0	$0	0		$0