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-3,100 units; cost $7.20 each. 8 Purchased 15,500 units for $6.60 each. 14 Sold 12,400 units for $13.10 each. 18 Purchased 9,300 units for $5.80 each. 25 Sold 11,400 units for $12.10 each. 28 Purchased 5,100 units for $5.80 each. 31 Inventory on hand-9,200 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). Cost of Goods Available for Sale Cost of Goods Sold - August 14 Cost of Goods Sold - August 25 Inventory Balance Perpetual LIFO: # of units Cost per unit Cost of Goods # of units Available for Sale # of units sold Cost Cost of per unit| Goods Sold Cost per unit Cost of Total Cost of Goods Sold Goods Sold sold # of units in ending inventory Cost per unit Ending Inventory 3,100 $ 7.20 $ 22,320 0 $ 7.20 $ $ 0 0 $ 7.20 $ 0 $ 7.20 6.60 Beg. Inventory Purchases: August 8 August 18 August 28 Total 6.60 5.80 6.60 5.80 01 15,500 9,300 5,100 33,000 0 102,300 53,940 29,580 208,140 6.60 5.80 5.80 5.80 5.80 5.8 5.80 0 ol 01 $ 01 $ 0 $ 0 $ $ 0 0 0 $ 0