Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021: Aug.1 Inventory on hand-4,000 units; cost $8.10 each. 8 Purchased 20,000 units for $7.50 each. 14 Sold 16,000 units for $14.00 each. 18 Purchased 12,000 units for $7.00 each. 25 Sold 15,000 units for $13.00 each. 28 Purchased 6,000 units for $5.80 each. 31 Inventory on hand-11,000 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 Perpetual LIFO: # of units Cost per unit Cost of Goods Available for Sale # of units sold Cost per unit Cost of Goods Sold # of units sold Cost per unit Cost of Goods Sold $ 4,000 $ 8.10 32,400 $ 8.10 $ 0 0 $ 8.10 $ 7.50 Beg. Inventory Purchases August 8 August 18 August 28 Total 7.50 7.00 7.00 20,000 12,000 6,000 42,000 150,000 84,000 34 800 301,200 7.50 7.00 5.80 OOO 5.80 5.8 0 0 0 $ August 25 Inventory Balance Cost per Cost of Goods Sold Total Cost of Goods Sold # of units in ending inventory unit Ending Inventory $ 0 $ 8.10 7.50 7.00 0 5.80 $ 0 69 0 0 CA 0