Check my work Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021 Aug.1 Inventory on hand-3,600 units: cost $7.70 each. 8 Purchased 18,000 units for $7.10 each. 14 Sold 14,400 units for $13.60 each. 18 Purchased 10,800 units for $6.60 each. 25 Sold 13, 400 units for $12.60 each. 28 Purchased 5,600 units for $5.80 each. 31 Inventory on hand-10,200 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. Cost of Goods Available for Sale Cost of Goods Sold - August 14 Cost of Goods Sold - August 25 Perpetual FIFO #of units Cost per unit Cost of Goods Sold # of units Cost per sold unit Cost of Goods Sold Total Cost of Goods Sold #ofu in Inven Cost of Goods Cost per # of units unit Available for Sale 3,600 $ 7.70 $ 27.720 Sold 3,600 $ 27.720 7.70 $ 0 $ 7.70 $ 7.10 Bog. Inventory Purchases: August 8 August 18 August 28 Tel 18,000 10,800 5,600 BRANA 0 7.10 6.60 5.80 7.10 6.60 5.80 127.800 71,280 32,480 200 A 6.60 5.80 0 97790 Ann 27 79 nl