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Alura Corporation provides the following information related to its inventory during the month of August 2 0 2 4 : August 1 Inventory on hand

Alura Corporation provides the following information related to its inventory during the month of August 2024:
August 1 Inventory on hand-3,400 units; cost $7.50 each.
August 8 Purchased 17,000 units for $6.90 each.
August 14 Sold 13,699 units for $13.40 each.
August 18 Purchased 10,280 units for $6.40 each.
August 25 Sold 12,600 units for $12.40 each.
August 28 Purchased 5,400 units for $5.80 each.
August 31 Inventory on hand -9,800 units.
Using calculations based on a perpetual Inventory system, determine the Inventory balance Altra would report In Its August 31,2024. balance sheet and the cost of goods sold it would report in its August 2024 Income statement using last-In, first-out (LIFO).
\table[[\table[[Perpetual LIFO:],[Beginning Inventory]],Cost of Goods Available for Sale,Cost of Goods Sold - August 14,Cost of Goods Sold - August 25,\table[[Total Cost of],[Goods Sold]],Inventory Balance],[\table[[\table[[Number],[of units]]],[3,400]],\table[[\table[[Cost],[per],[unit]]],[$7.50
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