Check my work 4 Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021: 20 points Aug.1 Inventory on hand-2,000 units; cost $5.30 each. 8 Purchased 8,000 units for $5.50 each. 14 Sold 6,000 units for $12.00 each. 18 Purchased 6,000 units for $5.60 each. 25 Sold 7,000 units for $11.00 each. 28 Purchased 4,000 units for $5.00 each. 31 Inventory on hand-7,000 units. eBook 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 last-in, first-out (LIFO). Cost of Goods Available for Sale Cost of Goods Sold - August 14 Cost of Goods Sold - August 25 Hint Inventory Balance Perpetual LIFO: Cost of Print Cost per # of units sold Cost per unit Cost of Goods Sold # of units Cost per sold unit Cost per Cost of Total Cost of Goods Sold Goods Sold # of units in ending inventory unit Ending Inventory # of Goods units unit Available for Sale 2,000 $ 5.30 $ 10,600 $ 5.30 $ 0 $ 5.30 S 0 0 S 5.30 References 5.50 5.50 Beg. Inventory Purchases August 8 August 18 August 28 Total 5.50 5.60 5.60 0 8,000 6,000 4,000 20,000 44,000 33,600 23.200 111,400 5.50 5.60 5.80 5.60 5.80 01 n 5.80 5.80 0 $ 0 $ 0 0 S 0 S 0 0 S 0