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 $6.60 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 hand8,000 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). X 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 Cost Cost # of units Cost per unit Cost of Goods Available for Sale # of units sold per unit Cost of Goods Sold # of units sold per unit Cost of Goods Sold Total Cost of Goods Sold # of units in ending inventory per unit Ending Inventory 2,500 $ 6.60 $ 16,500 0 $ 6.60 $ 0 0 $6.60 $ 0 2,500 $ 6.60 $ 16,500 Beg. Inventory Purchases: August 8 12,500 6.00 75,000 10,000 6.00 60,000 12,500 X 6.00 75,000 2,500 6.00 15,000 August 18 7,500 5.20 39,000 0 5.20 0 7,500 5.20 39,000 2,500 OXX 5.20 13,000 August 28 4,500 5.8 26,100 0 5.80 0 0 5.80 4,500 5.80 26,100 Total 27,000 $ 156,600 10,000 $ 60,000 20,000 $ 114,000 $ 174,000 12,000 $ 70,600