Checimy work Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021 Aug.1 Inventory on hand-2,400 units cost $6.50 each. 8 Purchased 12,000 units for $5.90 sach. 14 Sold 9,600 units for $12.40 each. 18 Purchased 7,200 units for $5.40 each. 25 Sold 8,600 units for $11.40 each. 28 Purchased 4,400 units for $5.00 each. 31 Inventory on hand--7,800 units. Using calculations based on a perpetual inventory system, determine the inventory balance Altra 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) Cost of Goods Available for Sale Cost of Goods Sold - August 14 Cost of Goods Sold - August 25 Cost Perpetual LIFO: # of units sold Cost Cost of per unit Goods Sold # of units solt Cost per unit Cost of Goods Available for Sale of u end We Cost of Goods Sold Total Cost of Goods Sold # of units per unit $ 15,600 15,600 2.400 $ 6.50 $ 2.400 $ 6.50 2,400 $ 6.50 $ 15,600 Beg. Inventory Purchases: August 8 7,200 70.800 5.90 5.90 5.40 5.90 5.40 42,480 0 12.000