Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021: Aug.1 Inventory on hand-2,000 units; cost $5.30 each. 8 Purchased 8,000 units for $5.50 each. 14 Sold 6,000 units for $12.00 each. 18 Purchased 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 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 Inventory Balance # of units sold Cost per unit Cost of Goods Sold # of units Cost per sold unit Cost of Goods Sold Goods Sold Total Cost of #of units in ending inventory Cost per unit Ending Inventory S S 5.30 $ 0 0 $ 5.30 S 0 S 5.30 Perpetual LIFO: Cost of # of Cost per Goods units unit Available for Sale Beg. Inventory 2,000 $ 5.30 $ 10,600 Purchases: August 8 8,000 5.50 44.000 August 18 6.000 5.60 33,600 August 28 4,000 5.80 23,200 Total 20.000 $ 111,400 5.50 5.50 5.601 5.80 0 5.60 5.50 5.60 5.80 0 0 5.80 0 0 $ 0 01 0 S 0 0 $ 0 0 S 0 0