Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021: Aug-1 Inventory on hand-3,700 units; cost $7.80 each. 8 Purchased 18,500 units for $7.20 each. 14 Sold 14,800 units for $13.70 each. 18 Purchased 11,100 units for $6.40 each. 25 Sold 13,800 units for $12.70 each. 28 Purchased 5,700 units for $5.80 each. 31 Inventory on hand-10,400 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) Cost of Goods Available for Sale Cost of Goods Sold - August 14 Cost of Goods Sold - August 25 Perpetual LIFO Cost # of units per Cost of Goods Available for Sale #of units sold unit Cost per unit Cost of Goods Sold # of units sold Cost per unit Cost of Total Cost of Goods Sold Goods Sold Beg. Inventory 3,700 $7.80 $ 28,860 $7.80 $ 0 $7.80 5 Inventory Balance # of units in ending inventory $ 7.80 Cost per unit Ending Inventory Purchases August 8 18,500 7.20 133,200 720 7.20 7.20 August 18 11,100 6.40 71,040 640 o 6.40 5.40 August 28 5,700 58 33,060 5.80 0 5.80 580 Total 39,000 S 266,160 0 $ 0 $ 0 $ 0 0 $ Next 5