Check 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 Aug.1 Inventory on hand-2,900 units cost $7.00 each. Purchased 14.500 units for $6.40 each 14 Sold 11,60 units for $12.99 each. 18 Purchased 8,700 units for $6.00 each. 25 Sold le, 600 units for $11.99 each. 28 Purchased 4,900 units for $5.00 each. 31 Inventory on hand-3,00 units. Required: 1. Using calculations based on a perpetual inventory system determine the inventory balance Ama would report in its August 31, 2021 balance sheet and the cost of goods sold it would reportinis August 2021 income statement using the FIFO method Cost of Goods Aviable for Sale ory Balas Perpetual EEC of units Cost per Goods CON per Cost of of units Goods Soldo ld unit cost per unit Cost per Available for Cost of Goods Sold Ending Total Cost of Thor Goods Sold ending Inventory Beg Inventory August August 19 August 28