Exercise 8-15 (Algo) LIFO; perpetual system [LO8-1, 8-4] Altira Corporation provides the following information related to its merchandise Inventory during the month of August 2021 Aug.1 Inventory on hand-3,300 units; cost $7.40 each. 8 Purchased 16,500 units for $6.80 each. 14 Sold 13,200 units for $13.30 each. 18 Purchased 9,900 units for $6.20 each. 25 Sold 12,200 units for $12.30 each. 28 Purchased 5,300 units for $5.80 each. 31 Inventory on hand-9,600 units. 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). Answer is not complete. Cost of Goods Available for Sale Cost of Goods Sold August 14 Cost of Goods Sold - August 25 Perpetual. LIFO Cost # of Cost # of per units Cost of Goods Available for Sale units per unit sold unit Cost of Goods Sold of units sold Cost per unit Total Cost Cost of Goods Sold # of units of Goods Sold inve $ $ 3,300 $ 24,420 S 0 7.40 7.40 7.40 $ Beg. Inventory Purchases August 8 16,500 6.80 112.200 6.80 6.80 August 18 9,900 6.20 61,380 6.20 0 6.201 August 28 5,300 5.8 30.740 5.80 5.80 Total 35,000 S 228,740 0 $ 0 0 $ 0 0