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Altira Corporation provides the following information related to its merchandise tentory during the month of August 2021 Aug.1 Teventory on Hand-2,000 units cost 5510 sach

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Altira Corporation provides the following information related to its merchandise tentory during the month of August 2021 Aug.1 Teventory on Hand-2,000 units cost 5510 sach Purchased out for $5.5e each 14 Soli 6,000 units for $12.00 18 Purchased 6,000 units for 35.each 21 Sold 7.00 unit for $11.00 Purchased 4,0 for 55. each 21 Inventory hd-7,000 units Using calculations based on a perpetual inventory system, determine the inventory balance Altra would report ins August 31, 2021 balance sheet and the cost of goods sold it would report in ts August 2021 income statement using lost first-out (LIFO) Cest Good Metal Castro de Bold August 14 Cast of dood Sold August 25 Inventory Balance LLID Cws . ot Cost per Ooods Cost per units cost of of units Cost per Costot Total Cost of funts units Cost per um Awwistle for sold unit Ending Goods Sold sold ing unit Goods Sot Goods Sed Sale unit inventory Inventary Bag Inventory 2.000 3 530 10.000 5 5.30 0 3 6.00 $ 5 6.30 Purchase August 8.000 550 44.000 5.50 5.50 5.50 August 18 0.000 5100 33.000 5.50 Q 5.00 5.80 August 28 4000 8.80 23.200 5.80 580 4.000 5.80 22 200 Tata 20,000 11.450 0 . 0 0 1 05 4.000 5 23.200

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