Exercise 8-15 (Algo) LIFO: perpetual system (L08-1,8-4) Jitra Corporation provides the following information related to its merchandise inventory during the month of August 2021 Lug.1 Inventory on band-3.600 units; cost $7.70 cach. - Purchased 19,000 units for 57.10 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 $12.69cach. 28 Purchased 5.600 units for $5.00 each 31 Inventory on hand-10,200 units. ising calculations based on a perpetual inventory system, determine the inventory balance Altira would report in its August 31, 2021 lance sheet and the cost of goods sold it would report in its August 2021 income statement using fast-in, first-out (LIFO). Cost of Goods Available for Sale Cost of Goods Sold August 14 Cost of Goods Sold - August 25 Imentary Balance Hartanto of units Cost per unit Cost of Goode Available for Sale of units Cout Cost of sold per unit Goods Sold of units Cout per nit sold Cost of Total Cost of Goods Sold Goods Sold Cost per of units in onding inventory Ending Inventory 3,800 $7.70 $ 27.7201 $ 7.70 $ 0 $7.703 0 $7.70 7.10 BegInventory Purchases August August 18 August 28 Total 7/10 660 5.8 58.000 10.000 5,600 38.000 7.10 6.60 8 127,800 71 280 32.480 250.280 7.10 6.60 5.80 0 0 0 50 5.80 5 5 0 $ ols 0 3