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 $? ve each chased 10,000 units for $2.10 each 14 Sold 14.400 units for $15.each 10 Purchased 10,00 Por each 25 Sold 13, 400 units for $121 nach 20 Purchased 5.600 units for 35. 11 Inventary on hand-10,20 units Required: 1. Using calculations based on a perpetual inventory system determine the inventory balance Altra would report in its August 30 2021 balance sheet and the cost of goods sold it would report in August 2021 income statement using the FIFO method Cost of Goods Sold August 14 Cost of Goods Sold 425 Inventory Perpetual FICOS Cost per Costel Goods Avaliable for Sale Cost of of units Goods unit Available for Sale 1600577 5 27.720 of its of units sold Cont per Cost of Choods Sold of Cost per sold ini Cost of Good Son Cost per Total Cost of Goods Sold Ending In inventory $ 770 $ 7705 0 5 7705 710 Beg Inventory Purchase Augusti August 18 August 28 10.000 10 000 5.000 30 000 710 550 500 0 127.000 71280 32.450 20250 7.10 6.60 S 80 7:10 660 50 0 500 5 0 $ O