Exercise 8-15 (Static) 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-2,000 units; cost $5.30 each. 8 Purchased 8,000 units for $5.50 each. 14 Sold 6,000 units for $12.00 each. 18 Purchased 6,000 units for $5.60 each. 25 Sold 7,000 units for $11.00 each. 28 Purchased 4,000 units for $5.80 each. 31 Inventory on hand-7,000 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: Cost per Cost per # of units sold Cost of # of units Cost per Goods Sold sold unit Cost per Cost of # of Goods units unit Available for Sale 2,000 $ 5.30 $ 10,600 Cost of Goods Sold Total Cost of Goods Sold unit # of units in ending inventory Ending Inventory unit $ 5.30 $ 5.30 $ 5.30 44.000 Beg. Inventory Purchases: August 8 August 18 August 28 Total 5.50 5.60 5.50 5.60 5.50 5.60 8,000 6,000 4,000 20,000 5.50 5.60 5.80 33,600 23,200 111,400 5.80 5.80 5.80 $