Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021 Aug. 1 Inventory on hand-2,500 units; cost 56.60 each. 8 Purchased 12,500 units for $6.00 each. 14 Sold 10,000 units for $12.50 each. 18 Purchased 7,500 units for $5.20 each. 25 Sold 9,000 units for $11.50 each. 28 Purchased 4,500 units for $5.80 each. 31 Inventory on hand-8,000 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 lastin, first-out (LF) Cost of Goods Sold - August 25 Inventory Balance Cost of Goods Available for Sale Cost of Goods Sold - August 14 Cost per Perpetual LIFO: Ending Inventory of units in anding Inventory Cost per Cost per unt of units sold Cost per unit Cost of Goods Sold Cost of Goods Available for Sale Cost of Total Cost of Goods Sold Goods Sold # of units sold of units Beg Inventory Purchases August August 18 August 28 Total Next >