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 hand-8,000 units. Jsing calculations based on a perpetual inventory system, determine the inventory balance Altira would report in its August 31, 2021, alance sheet and the cost of goods sold it would report in its August 2021 income statement using last-in, first-out (LIFO). 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 # of # of units per unit Cost of Goods Available for Sale units sold Cost per unit Cost Total Cost Cost Cost of Goods Sold # of units sold per unit Cost of Goods Sold of Goods Sold # of units in ending inventory per Ending Inventor unit 2,500 $ 6.60 $ 16,500 0 $ 6.60 $ 0 9,000 $ 6.60 $ 59,400 2,500 $ 6.60 $ 16,50 Beg. Inventory Purchases: August 8 12,500 6.00 75,000 10,000 6.00 60,000 125,000 6.00 August 18 7,500 5.20 39,000 0 5.20 0 7,500 5.20 750,000 39,000 0 6.00 5.20 August 28 4,500 5.8 26,100 5.80 0 0 5.80 4,500 5.80 26,10 Total 27,000 $ 156,600 10,000 $ 60,000 141,500 $ 848,400 $ 908,400 7,000 $ 42,60