Altira Corporation uses a perpetual inventory system. The following transactions affected its merchandise inventory during the month of August 2018 A Inventory on hand -2,200 units cost 56.30 each 8Purchased 11,000 wts for $5.70 nach 14 Sola 8,500 units for $12.20 each 18 Purchased 6,600 units for $5,20 each 25 Sold 7.800 units for $11.20 each 3 Inventory on and 3.200 units Required: 1. Determine the inventory balance Altira would report in its August 31, 2018, balance sheet and the cost of goods sold it would report in its August 2018 Income statement using the FIFO method (Round "Cost per Unit" to 2 decimal places.) Cost of Goods Available for Sale Cost of Goods Sold - August 14 Cost of Goods Sold - August 25 Inventory Balance Perest LEO Cost per Sot units Cost of Cost per Goods unit Available for Sale Cost per of units sold Cost of Goods Sold of units Cost per sold unit unit Cost of Goods Sold 1 of units in ending inventory unit Ending Inventory Be Inventory Purchases Augusto August 10 Tot