amework availl you sign is again Loved Check my work Required information {The following information applies to the questions displayed below.) Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021: Rug.1 Inventory on hand-2,600 units; cont 56.70 each. Purchased 13,000 units for $6.10 each. 14 sold 10,400 units for $12.60 each. 18 Purchased 7,400 units for $5.60 encb. 25 sold ),400 units for $11.60 sach. 2 Purchased 4,600 units for $5.00 each. 31 Inventory on hand-,200 units. Required: 1. 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 the FIFO method. Coat of Goods Sold August 14 Cost of Goods Bold August 25 of unit Cost per Perpetual Cost per cost of Goods Available for sale Cost of of units Cost per Goods uni Available for Sale 2800 $ 6.70 S 17420 of units sold Cost of Goods Sold of units Cost per sold Inves Cost of Total cost of Goods Sold Goods Sold unit Inventory 6.70 0 5 5 5.70 6.709 Beg Inventory Purchases Augusta August 18 August 28 Total 6.10 5.80 13.000 7.000 4.000 6.10 6.00 5.80 6.10 500 5.80 79,300 43,680 20680 167080 6.10 5.60 5.80 0 0 5.00 1 0 $ 0 5 0 28.000 $