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 Sold - August 14 Cost of Goods Sold - August 25 Inventory Balance Perpetual LIFO Cost of Goods Available for Sale Cost of units per Cost of Goods Available for Sale Unit 4.000 5 1.10 32.400 of units sold Cost per Cost of Goods Bold of units sold Cost of Goods Sold Total Cost of Goods Sold #at units in Cost unding inventory per unit Cost per unt 5 810 unit $ $ 0 S 10 10 0 Beg intory Purchases August August 15,000 120.000 75 20.000 12.000 000 750 700 150,000 34 000 14.000 301.200 7.50 700 50 750 7.00 700 no 58 5.00 O 16.000 Total 12 000 5 5 120.000 190.000 Post of Goods Sold - August 14 Cost of Goods Sold - August 25 Inventory Balance Cost of units sold # of units Cost of Goods Sold per unit Cost per unit Cost of Goods Sold Total Cost of Goods Sold # of units in Cost Ending ending inventory per unit Inventory sold 0 $ 8.10 $ 0 $ 8.10 s $ 0 $ 8.10 16,000 0 7.50 7.00 5.80 7.50 7.00 5.80 7.50 7.00 0 120,000 0 0 120,000 5.80 0 16,000 $ 0 $ 0 $ 120,000 0 0 $