Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021: Aug.1 Inventory on hand-3, 100 units; cost $7.20 each. 8 Purchased 15,500 units for $6.60 each. 14 Sold 12,400 units for $13.10 each. 18 Purchased 9,300 units for $5.80 each. 25 Sold 11,400 units for $12.10 each. 28 Purchased 5,100 units for $5.80 each. 31 Inventory on hand-9, 200 units. ces 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 Bal Perpetual LIFO: Cost per # of units Cost per unit Cost of Goods Available for Sale # of units sold Cost Cost of per unit Goods Sold # of units sold Cost per unit Cost of Goods Sold Total Cost of Goods Sold # of units in ending inventory unit 3.100 $ 7.20 $ 22,320 $ 7.20 $ 0 $7.20 $ 0 $ 7.2 Beg. Inventory Purchases: calculations based on a perpetual inventory system, determine the inventory balance Altira would report in its August 31, 2021, nce sheet and the cost of goods sold it would report in its August 2021 income statement using last-in, first-out (LIFO). Inven Cost of Goods Available for Sale Cost of Goods Sold - August 14 Cost of Goods Sold - August 25 petual LIFO: Cost # of units Cost of Goods Available for Sale per # of units sold ost per Cost Cost of per unit Goods Sold # of units sold Cost of Total Cost of Goods Sold Goods Sold # of units in ending inventory unit unit 3,100 $ 7.20 $ 0 22,320 0 $ 7.20 $ $ 7.20 $ Inventory Chases: 6.60 6.60 6.60 5.80 5.80 ugust 8 august 18 August 28 5.80 15,500 9,300 5,100 33,000 102,300 53,940 29,580 208,140 5.8 5.80 - 5.80 OOO 0 0 0 $ $ 0 0 ta is based on a perpetual inventory system, determine the inventory balance Altira would report in its August 31, 2021, nd 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 Cost per unit Cost of Goods Available for Sale # of units sold Cost Cost of per unit Goods Sold # of units sold Cost per unit Cost per Cost of Goods Sold Total Cost of Goods Sold # of units in ending inventory Ending Invento unit 3,100 $ 7.20 $' 22,320 $ 7.20 $ 0 $ 7.20 $ 0 $ 7.20 6.60 60 6.60 6.60 5.80 5.80 0 15,500 9,300 5,100 33,000 5.80 5.80 102,300 53,940 29,580 208,140 5.8 5.80 0 5.80 5.80 $ 0 $ DO $ 0 $ 0 0 $