Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021: Aug.1 Inventory on hand-2,400 units%;B cost $6.50 each. 8 Purchased 12,000 units for $5.90 each. 14 Sold 9,600 units for $12.40 each. 18 Purchased 7,200 units for $5.40 each. 25 Sold 8,600 units for $11.40 each. 28 Purchased 4,400 units for $5.80 each. 31 Inventory on hand-7,800 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). Answer is complete but not entirely correct. Cost of Goods Available for Sale Cost of Goods Sold - August 14 Cost of Goods Sold - August 25 Inventory Balance Perpetual LIFO: Cost # of Cost Cost Total Cost Cost # of Cost of Goods per units per units Available for Sale Cost of Goods Sold # of units sold unit sold unit per unit Cost of Goods Sold of Goods Sold # of units in ending inventory per Ending Inventory unit $ $ $ 2,400 $ 15,600 $ 0 0 $ 0 0 $ 6.50 6.50 6.50 6.50 Beg. Inventory Purchases: August 8 12,000 5.90 70,800 9,600 5.90 56,640 5,200 5.90 August 18 7,200 5.40 38,880 0 5.40 0 7,600 x 5.40 30,680 41,040 1,000 5.90 5,900 5.40 0 August 28 4,400 5.8 25,520 5.80 0 0 5.80 4,400 5.80 25,520 Total 26,000 $ 150,800 9,600 $ 56,640 12,800 $ 71,720 $ 128,360 5,400 $ 31,420